Awards

February 22 2018 - Hedge News Africa Gala Awards Dinner, Vineyar
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Awards 2018 - Final nominations

January 2019: South African hedge funds turned in a positive median in 2018, with the HedgeNews Africa South African Single-Manager Composite adding 5.18%, while the JSE All Share Index declined by more than 8% and the All Bond Index added 7.6%.

By category, fixed income hedge funds were the strongest, adding more than a median 10% for the second consecutive year, followed by market-neutral and quantitative funds, which gained a median 6.18%. Multi-strategy funds ended the year 4.14% higher while equity long/short protected against the downside with a median decline of 1.79%.

The markets were complicated, however, with an emerging-market exodus causing volatility, while a string of corporate landmines posed challenges for many managers.

Against this backdrop, many funds delivered strong risk-adjusted returns over the 12-month period, as our final contender list for the upcoming 2018 Awards shows.

Now in their 10th year, the awards are based on risk-adjusted returns for calendar-year 2018, using an established methodology that comprises net returns as well as Sharpe ratio as a measure of volatility.

The award in each category will ultimately go to the fund with the highest return over 12 months, provided its Sharpe ratio is within 25% of the top Sharpe amongst the nominees.

To qualify for a nomination, funds must average a minimum of $10 million, or R80 million, in assets under management in that strategy throughout the calendar year (in fund structures plus associated segregated mandates).

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 longer-term awards, for which higher minimums apply.

Data used in deciding the awards will be independently examined by eComply Consultants to ensure consistency and accuracy.

For more on the methodology please go to www.hedgenewsafrica.com/awards/

Final nominations

Long/short equity
Fairtree Protea Equity Long Short SNN Retail Hedge Fund
Fairtree Protea Worldwide Flexible Equity SNN QI Hedge Fund
Nautilus Nitrogen Retail Hedge Fund
Numus Long Short Prescient RI Hedge Fund

Pan Africa
Challenger Trade Finance Fund
Coronation Africa Frontiers Fund
Enko Africa Debt Fund
Laurium Chobe Long Short Fund

Market neutral and quantitative
AIP NCIS Active Alpha Retail Hedge Fund
Investec Active Quants QI Hedge Fund
Nautilus MAP111 Retail Hedge Fund
X-Chequer SNN Diplo QI Hedge Fund

Multi-strategy
Corion Prosperitas NCIS RIF Hedge Fund
Coronation Multi-Strategy Arbitrage Hedge Fund
Fairtree Wild Fig Multi Strategy SNN QI Hedge Fund
Fairtree Woodland Multi Strategy SNN QI Hedge Fund

Fixed Income
Nautilus MAP130 Retail Hedge Fund
Oakhaven SNN Strategic Fixed Income QI Hedge Fund
Southchester Smart Escalator Prescient QI Hedge Fund
Terebinth SNN FI Macro Retail Hedge Fund

Specialist Strategies
Chrysalis Credit Arbitrage Fund
Polar Star SNN QI Hedge Fund
Westbrooke Special Opportunities SNN QI Hedge Fund

Fund of Hedge Funds – Fixed Income
27four Alternate Income Prescient QI Fund of Hedge Funds
Novare Income Retail Fund of Hedge Funds
TriAlpha SNN Enhanced Fixed Income QI Fund of Hedge Funds

Fund of Hedge Funds – Multi-Strategy
AF Investments Stable QI Hedge Fund of Funds
Novare Mayibentsha Market Neutral Qualified Fund of Hedge Funds
Novare Mayibentsha Moderate Qualified Fund of Hedge Funds

Three-year Performance – Single-Manager
Matrix NCIS Fixed Income Retail Hedge Fund
Nautilus AcuityOne Retail Hedge Fund
Nautilus MAP130 Retail Hedge Fund
Terebinth SNN FI Macro Retail Hedge Fund
X-Chequer SNN Diplo QI Hedge Fund

Three-year Performance – FOHFs
AF Investments Stable QI Hedge Fund of Funds
Nautilus Momentum ZAR Diversified Fund of Hedge Funds
Novare Mayibentsha Market Neutral Qualified Fund of Hedge Funds
TriAlpha SNN Enhanced Fixed Income QI Fund of Hedge Funds

Five-year Performance – Single-Manager
Catalyst Alpha Prescient QI Hedge Fund
Fairtree Assegai Equity Long Short SNN QI Hedge Fund
Nautilus MAP130 Retail Hedge Fund
Peregrine Capital High Growth H4 QI Hedge Fund
Polar Star SNN QI Hedge Fund

Five-year Performance – FOHFs
AF Investments Stable QI Hedge Fund of Funds
Citadel Multi-Strategy H4 QI Hedge Fund
Novare Mayibentsha Market Neutral Qualified Fund of Hedge Funds
TriAlpha SNN Enhanced Fixed Income QI Fund of Hedge Funds

Ten-year Performance – Single-Manager
36ONE SNN QI Hedge Fund
Catalyst Alpha Prescient QI Hedge Fund
Matrix NCIS Fixed Income Retail Hedge Fund
Peregrine Capital High Growth H4 QI Hedge Fund
Polar Star SNN QI Hedge Fund

Ten-year Performance – FOHFs
AF Investments Performance QI Hedge Fund of Funds
Alpha Prime Equity Qualified Investor Fund of Hedge Funds
Citadel Multi-Strategy H4 QI Hedge Fund
Old Mutual Multi-Managers Long Short Equity Fund of Hedge Funds

New Fund of the Year
All Weather NCIS Market Neutral Retail Hedge Fund
Fairtree Protea Equity Long Short SNN Retail Hedge Fund
Idwala SNN Strategic Fixed Income Retail Hedge Fund
Prime Multi-Strategy QI Hedge Fund
Southchester Smart Escalator Prescient QI Hedge Fund

Fund of the Year
To be announced on the night

Awards Methodology

To qualify for a nomination, funds must average a minimum of $10 million, or R80 million, in assets under management in that strategy throughout the calendar year (in fund structures plus associated segregated mandates).

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 longer-term awards, for which higher minimums apply.

Funds submitting their 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 to ensure consistency and accuracy.

Awards categories include:

•    Long/short equity
•    Market neutral and quantitative
•    Fixed income
•    Multi-strategy
•    Specialist strategies
•    Pan Africa
•    Fund of hedge funds
•    Three-year performance
•    Five-year performance
•    10-year performance
•    New fund of the year
•    Fund of the year

Attendance

To book your table at the 2018 Awards please email events@hedgenewsafrica.com.

Alternatively, download the Awards table booking form here.

• Table of ten: R36,000 ex vat / US$3,000.

Tables are limited so book early to avoid disappointment.