New Fund of the Year Winner
Attended by the industry’s preeminent fund managers and investors, the annual awards are based on independently audited monthly data compiled by HedgeNews Africa, the region’s leading independent publisher focused on the hedge fund and alternative asset management industries. 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 awards are hosted in partnership with leading service providers to the industry, namely Investec Equities, Nedbank Capital, RMB Prime Broking. The hedge fund industry has once again demonstrated its ability to deliver attractive returns to investors while protecting against downside risks and offering uncorrelated sources of alpha, which have an important role to play in broader portfolios,” said Gwyneth Roberts, editor of HedgeNews Africa. “From both a domestic and international perspective, these funds are a compelling offering.“
The New Fund of the Year award, which covers funds launched within the past 12-23 months, went to the Prime Multi-Strategy QI Hedge Fund (co-managed by Mark du Toit and Willem Faul from Courtney Capital), with an impressive gain of 33.68% and a Sharpe of 1.21.
