Awards

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2017 Awards

South African hedge funds have delivered a median return of 6.92% for the first 11 months of the year, against gains of more than 20% from the domestic stock market and 4.32% from bonds.

Disparate returns across asset class reflect a tough environment for active managers, with equity market gains driven by just a handful of counters through November, while fund managers positioned themselves cautiously ahead of the ANC elective conference in mid-December. This pivotal event was pre-empted by the shock collapse in the share price of dual-listed rand hedge stock Steinhoff, which will no doubt impact on the calendar-year returns of many managers, and could well be a deciding factor in the outcome of HedgeNews Africa Awards for 2017.

This month’s second provisional nominations for the annual Awards, based on 11 months of data to the end of November, reveal those funds that had delivered the strongest gains to the end of November in a difficult-to-decipher environment.

Final nominees will be announced in January once December numbers have been received to calculate full-year returns.

Now in their ninth year, the Awards will be presented at a gala dinner at the Vineyard Hotel in Cape Town on February 22, 2018.

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.

Provisional nominations

Long/short equity
Capricorn SCI Performer Qualified 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
Peregrine Capital Pure Hedge H4 QI Hedge Fund

Multi-strategy
Obsidian SCI Multi Asset Retail Hedge Fund
Peregrine Capital Flexible Yield H4 QI Hedge Fund

Fixed Income
Nautilus AcuityOne RHF
Nautilus MAP130 RHF

Specialist strategies
Catalyst Alpha Prescient QI Hedge Fund
Creditsmith Enhanced Yield Fund

Pan Africa
Allan Gray Africa Equity Fund
Allan Gray Africa ex-SA 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

Three-year Performance – Single-Manager
Peregrine Capital High Growth H4 QI Hedge Fund
Truffle IDS High Growth Retail Hedge Fund

Three-year Performance – FOHFs
To be announced in January

Five-year Performance – Single-Manager
Peregrine Capital High Growth H4 QI Hedge Fund
Truffle IDS High Growth Retail Hedge Fund

Five-year Performance – FOHFs
To be announced in January

New Fund of the Year
To be announced in January

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.