Awards

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

Awards 2019

Hedge funds extended their gains in November, with the HedgeNews Africa South African Single-Manager Composite adding a median 0.14% to sit 6.73% higher for the year, while the HedgeFund Intelligence Global Composite gained 0.58% to sit a median 6.23% higher.

Yet positive year-to-date returns mask the volatile conditions of global and domestic markets this year, which have brought a wide dispersion in returns between funds.

This month’s updated provisional nomination list for the 11th annual HedgeNews Africa Awards, based on 11 months of returns, reveal a strong line-up of managers that have steered through variable markets to deliver convincing gains for the year so far.

Final nominations will be announced in January, based on 12 months of data for the calendar year. The awards will be presented in Cape Town in February.

Given persistent market volatility, the line-up could well change as managers steer through the remaining weeks of a difficult year.

Nominations are based on net returns, although the ultimate winner in each category is based on risk-adjusted return – the winning fund must have a Sharpe ratio that is within 25% of the top Sharpe in each category.

The second round provisional nominees are:

Long/short Equity
36ONE SNN QI Hedge Fund
Fairtree Assegai Equity Long Short SNN QI Hedge Fund
Senqu Worldwide Flexible Long Short Prescient RI Hedge Fund

Market Neutral and Quantitative
Peregrine Capital Pure Hedge H4 QI Hedge Fund
Prescient Wealth Market Neutral QI Hedge Fund
X-Chequer SNN Diplo QI Hedge Fund

Multi-Strategy
Blue Quadrant Capital Growth Prescient RI Fund
Fairtree Wild Fig Multi Strategy SNN QI Hedge Fund
Obsidian SCI Multi Asset Retail Hedge Fund

Fixed Income
Acumen AcuityOne SNN Retail Hedge Fund
Southchester Smart Escalator Prescient QI Hedge Fund
Terebinth SNN FI Macro Retail Hedge Fund

Specialist
Catalyst Alpha Prescient QI Hedge Fund
Chrysalis Credit Arbitrage Fund
Polar Star SNN QI Hedge Fund

Pan-Africa
Enko Africa Debt Fund
Gondo Visio Metsi Fund
Old Mutual African Frontiers Fund

Fund of Funds
AF Investments Focus QI Hedge Fund of Funds
Momentum RCIS Multi Managed ZAR Equity Hedge QI Hedge Fund
Momentum RCIS ZAR Diversified QI FOF

Five-Year Performance (Single-Manager)
Acumen AcuityOne SNN Retail Hedge Fund
Fairtree Assegai Equity Long Short SNN QI Hedge Fund

Five-Year Performance (Fund of Funds)
AF Investments Stable QI Hedge Fund of Funds
TriAlpha SNN Enhanced Fixed Income QI FoHF

Ten-Year Performance (Single-Manager)
Peregrine Capital High Growth H4 QI Hedge Fund
Polar Star SNN QI Hedge Fund

Ten-Year Performance (Fund of Funds)
Citadel Multi-Strategy H4 QI Hedge Fund
Old Mutual Multi-Managers Long Short Equity FoHF

The Awards will be celebrated at a gala dinner at the Vineyard Hotel in Cape Town on February 20, 2020.

Awards Methodology

Now in their 11th year, the Awards are based on an established quantitative methodology that gauges risk-adjusted returns.

The awards, based on calendar-year performance, will go to funds with the highest return in their categories, provided their Sharpe ratios are within 25% of the top Sharpes among the nominees in each category. Exceptions are made in the case of categories that combine different strategy areas, where other quantitative criteria may need to be applied.

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
•    Five-year performance
•    10-year performance
•    New fund of the year
•    Fund of the year

Attendance

To book your table at the 2019 Awards please email events@hedgenewsafrica.com, or alternatively, download the booking form here.

• Table of ten: R38,000 ex vat / US$3,150.
• Single ticket: R4,000 ex vat / US$330.

Tables are limited so book early to avoid disappointment.