Prosus needs Chinese regulatory certainty

Analysis of Purple Group’s results and a look at China’s plans to approve the first batch of gaming licences since July.

Independent analyst Jimmy Moyaha on markets as China is said to approve first batch of gaming licences since July. Charles Savage, CEO of Purple Group, talks results that show almost 1m active users. George Herman of Citadel on the company’s equity fund using quant methodology to increase AUM 1 000% in 20 months.

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This is rather strange … Citadel on the company’s equity fund using quant methodology to increase AUM 1 000% in 20 months
It implies staggering performance on the funds NAV or price. Quick look at the rankings does not concur with the statement. However, still decent returns.
The AUM increase is as a result of the inflows from clients, not as a direct result of the methodology.

https://www.citadel.co.za/a-citadel-equity-fund-has-grown-its-aum-by-over-1000-in-20-months/

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