Awards

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2017 Awards

HedgeNews Africa is pleased to announce the final nominations for the ninth annual HedgeNews Africa Awards, based on calendar-year 2017 returns, which are to be presented at a gala dinner at the Vineyard Hotel in Cape Town on February 22.

The year 2017 provided a clear example of just how changeable the markets can be – with a rough December altering the line-up for the HedgeNews Africa Awards in several categories.

For South Africa managers, December’s collapse in the share price of dual-listed global retailer Steinhoff was a prominent factor in many portfolios, combined with caution around the outcome of the ANC elective conference.

The HedgeNews Africa South African Single-Manager Composite declined a median -0.85% in December, with just a handful of funds turning in solid gains while many more posted big declines. In general, it was a tough year for funds in the HedgeNews Africa database – with South African funds posting three negative months during the year, including their biggest combined decline since our records began (of a median -0.99% in June).

Hedge funds also lagged the Johannesburg All Share Index, which added more than 20% for the year driven chiefly by just a handful of index heavyweights in an environment that did not favour active strategies.

Nevertheless, the HedgeNews Africa South African Single-Manager Composite improved on its 2016 performance, returning 5.89% in 2017, compared with 5.27% the year before.

Amidst all the volatility and uncertainty, there are many funds in our database that continued to build solid long-term track records, posting consistent positive returns for the 12-month period, and also those whose returns rank them well ahead of their peers.

For Africa-focused mandates, the past two years have been diametrically opposed – with 2016 deeply negative for almost all pan-African mandates while 2017 brought notably robust numbers, creating a strong contender list for the 2017 Awards.

The  Awards are based on calendar-year, risk-adjusted returns of funds that submit their returns to our database each month.

The awards will be presented at a gala dinner in Cape Town on February 22.

Awards Methodology

To qualify for a nomination, funds must average a minimum of $10 million, or R80 million, in assets under management throughout the calendar year. Exceptions are made in the new fund category, which allows for lower AUMs and considers funds with a track record of 12-23 months (with the award based on calendar-year returns) and the long-term awards, for which higher minimums apply.

Nominations are based on an established quantitative methodology in an effort to judge the best risk-adjusted returns, with the award ultimately going to the fund with the highest return provided its Sharpe ratio is within 25% of the top Sharpe among the nominees in each category.

Exceptions are made in categories that combine different strategy areas, where other quantitative criteria may need to be applied.

Funds submitting monthly returns to our database are automatically considered for the Awards. New funds can submit data to data@hedgenewsafrica.com before the end of November.

Data used in deciding the awards will be independently examined by eComply Consultants.

Final nominations

Long/short equity
Capricorn SCI Performer Qualified Hedge Fund
Fairtree Assegai Equity Long Short SNN QI Hedge Fund
Peregrine Capital High Growth H4 QI Hedge Fund
Senqu Long Short Prescient RI Hedge Fund

Market neutral and quantitative
Capricorn SCI Market Neutral Retail Hedge Fund
Capricorn SCI Stable Retail Hedge Fund
Investec Active Quants QI Hedge Fund
Peregrine Capital Pure Hedge H4 QI Hedge Fund

Multi-strategy
Fairtree Woodland Multi Strategy SNN QI Hedge Fund
Matrix NCIS Multi Strategy Retail Hedge Fund
Obsidian SCI Multi Asset Retail Hedge Fund
Peregrine Capital Flexible Opportunity H4 QI Hedge Fund

Fixed Income
KADD Validus SNN QI Hedge Fund
Matrix NCIS Fixed Income Retail Hedge Fund
Nautilus AcuityOne RHF
Nautilus MAP130 RHF

Specialist strategies
Catalyst Alpha Prescient QI Hedge Fund
Chrysalis Credit Arbitrage Fund
Creditsmith Enhanced Yield Fund

Pan Africa
Allan Gray Africa Equity Fund
Allan Gray Africa ex-SA Equity Fund
Sanlam Africa Equity Fund
Steyn Capital Africa Fund

Fund of Hedge Funds – Multi-strategy
Citadel Multi-Strategy H4 QI Hedge Fund
Edge RCIS Portable Alpha 1 QI Hedge Fund
Novare Mayibentsha Market Neutral Qualified FoHF
Sygnia All Star Fund of Hedge Funds

Fund of Hedge Funds – Fixed income
27four Alternate Income Prescient QI FoHF
Blue Ink SCI Yield Trading Qualified FoHF
TriAlpha SNN Enhanced Fixed Income QI FoHF

Three-year Performance – Single-Manager
Catalyst Alpha Prescient QI Hedge Fund
Fairtree Assegai Equity Long Short SNN QI Hedge Fund
Peregrine Capital Dynamic Alpha H4 QI Hedge Fund
Peregrine Capital High Growth H4 QI Hedge Fund
Truffle SNN High Growth Retail Hedge Fund

Three-year Performance – FOHFs
Citadel Multi-Strategy H4 QI Hedge Fund
Novare Mayibentsha Market Neutral Qualified FoHF
RCIS THINK Growth QI Hedge Fund
TriAlpha SNN Enhanced Fixed Income QI FoHF

Five-year Performance – Single-Manager
Fairtree Assegai Equity Long Short SNN QI Hedge Fund
Laurium Aggressive Long Short Prescient QI Hedge Fund
Peregrine Capital High Growth H4 QI Hedge Fund
Polar Star SNN QI Hedge Fund
Truffle SNN High Growth Retail Hedge Fund

Five-year Performance – FOHFs
Citadel Multi-Strategy H4 QI Hedge Fund
Edge RCIS Portable Alpha 1 QI Hedge Fund
Old Mutual Multi-Managers Long Short Equity FoHF

New Fund of the Year
Enko Africa Debt Fund
Muhu Multi-Strategy Fund
Senqu Long Short Prescient RI Hedge Fund

Fund of the Year
To be announced on the night

Attendance

To book your table at the 2017 Awards please email events@hedgenewsafrica.com.

Alternatively, download the Awards table booking form here.

• Table of ten: R33,000 ex vat / US$2,500.

Tables are limited so book early to avoid disappointment.