AG CAPITAL (PTY) LTD

Established in 2010 and operating from Cape Town, AG Capital manages a focused range of single- and multi-strategy hedge funds designed to deliver superior risk-adjusted returns across market cycles, under the regulatory framework governing South African hedge funds.
AG Capital combines institutional-grade infrastructure with specialised quantitative, flow-based, and momentum-driven expertise across its strategies. The firm is a licensed Category 2A financial services provider (FSP No. 43325).

ASSET MANAGEMENT

AG Capital Rainbow FR Retail Hedge Fund
The AG Capital Rainbow FR Retail Hedge Fund targets consistent absolute returns while prioritising capital preservation. Since inception in 2017, the portfolio manager, Richard Arnesen, has consistently outperformed the fund’s benchmark – producing double-digit returns in volatile economic climates. As of September 2025, AG Rainbow has generated an
annualised return of +16.32% since inception, with assets under management of R 1.3+ billion.

AG Capital BCI Omega Quant Flexible Fund
The AG Capital BCI Omega Quant Flexible Fund is a South African equity long-only unit trust co-managed by Hannah Turner and Adrian de Fay. The strategy embraces a high-beta approach to the South African equity market, seeking to harness its volatility rather than avoid it. By using a proprietary quantitative algorithm, the fund tilts exposure toward factors that outperform during market upswings and moderates them when conditions deteriorate. This disciplined, data-driven process aims to capture the local equity market’s flow-driven growth while moderating downside exposure, offering investors risk-efficient participation in South Africa’s cyclical opportunity set.

AG Capital Fusion FR Retail Hedge Fund
The AG Capital Fusion FR Retail Hedge Fund is a South African fund of hedge funds offering investors cost-effective access to a diversified range of AG Capital’s top-performing hedge fund strategies. Marketed as a solution for more risk-averse investors seeking exposure to hedge funds, AG Fusion is a zero-fee fund with broad platform availability, and its diversified approach delivers less-volatile returns and more streamlined risk management. Managed by Henry Biddlecombe, Fusion has an annualised return since inception of +14.93% and assets under management of R600+ million.

In addition to the above flagship funds, AG Capital has the following regulated hedge funds selection open to investors:

• AG Capital Opportunity FR Retail Hedge Fund
• AG Capital Worldwide Macro FR Retail Hedge Fund
• AG Capital Variable FR Retail Hedge Fund
• Renegade Capital Global Macro Segregated Portfolio (S65 approved Cayman-domiciled Fund)