In categories: Hedge Funds

INDEPENDENT ALT MUHU MULTI-STRATEGY FUND

The Muhu Multi-Strategy Fund

The Muhu Multi-Strategy Fund is a quantitatively biased, macro-thematic, multi-asset class, multi-strategy hedge fund. The fund is focused on absolute returns and targets positive returns irrespective of market conditions. The objective of the fund is to deliver real returns of 3% per annum measured over a three-year investment period. The fund is managed according to a moderate risk profile, with lower levels of investment volatility and capital risk when compared to traditional capital markets. The fund will follow a variety of strategies, including market neutral, equity long/short, fixed income, commodity and cash strategies.

Investment team

The fund is co-managed by Grant Hogan and Tatenda Chapinduka, who have more than 25 years’ collective hedge fund management experience. Tatenda holds a BBusSci in Actuarial Science degree and is a CAIA charterholder. Grant holds a BCom (Hons) in Economics and Finance. The two have worked together for over 13 years, having met at university. All non-core activities are outsourced to best-of-breed independent service providers. The business is owner-managed, empowered and the investment managers are significantly co-invested in the fund and the business.

Investment terms

Fund: Independent Alternatives Muhu Multi-Strategy Prescient Retail Hedge Fund
Retail or qualified product: RIF
Hurdle rate: STeFI index
High water mark: Yes
Fund open: Yes
Min investment: R1,000
Management fee: 1% p.a
Performance fee: 15%
Subscription: Monthly
Lockup: No
Redemption: One month

Strategy

Our investment strategy is predicated on the analysis of the impact of macro-thematic trends, imbalances and inflection points on different risk premias. We combine this top-down macro analysis with bottom-up quantamental analysis to identify opportunities. The fund is focused on absolute returns and targets positive returns irrespective of market conditions. Risk is allocated on a risk-parity basis to the different investment strategies for
Investment team effective diversification.

Strategy: Multi-strategy hedge fund
AUM: R400 million
Currency: ZAR
Domicile: South Africa
Inception date: 1 January 2017

Service providers

Prime broker: RMB Prime, ABSA Prime Services
Administrator: Prescient Fund Services
Manco: Prescient Management Company
Auditor: Ernst & Young Inc.
Compliance manager: Outsourced Compliance Services

Contact details

Independent Alternatives Investment Managers (Pty) Ltd
42 Homestead, Edenburg,
Jupiter House River Park,
Edenburg, Rivonia, 2191

Fund manager: Tatenda Chapinduka & Grant Hogan
Marketing: Tatenda Chapinduka

Phone:
+27 11 234 1519
Email: clients@independentalternatives.co.za
Website: www.independentalternatives.co.za