Awards

The 14th annual HedgeNews Africa Awards, based on 2022 performance, will be held on March 9, 2023 at the Vineyard Hotel in Cape Town.

Market dislocations in 2022 brought challenging conditions for many hedge fund managers, with both equities and fixed income strategies battling in a volatile global environment amid varied macro concerns while central banks hiked interest rates.

Yet hedge fund strategies continued to prove their worth in preserving capital while offering upside returns.

The HedgeNews Africa South Africa Single-Manager Composite ended 2022 up 7.08%, while the FTSE/JSE All Share Index rose 3.58% on the year and the All Bond Index added +4.2% as global markets took a battering.

By category, South African market neutral and quantitative funds were the best performers, adding a median 7.81%, according to our figures, while South African multi-strategy funds gained 7.18%. Long/short equity and fixed income funds delivered median gains of more than 6% each.

At individual fund level, there were wide-ranging returns as the South African equity market outperformed global indices, and both fixed income and equities managers faced tests of fortitude.

The final nominations for the 14^th annual HedgeNewsAfrica Awards, based on 2022 performance, are below:

Long/short equity

AG Capital Rainbow SNN Retail Hedge Fund
Anchor Stable SNN Retail Hedge Fund
Fairtree Assegai Equity Long Short SNN QI Hedge Fund
Laurium Aggressive Long Short Prescient QI Hedge Fund
Laurium Long Short Prescient RI Hedge Fund
Steyn Capital SNN QI Hedge Fund

Market neutral and quantitative

Abax Bao NCIS Market Neutral RIF
All Weather H4 Market Neutral Retail Hedge Fund
Fairtree Equity Market Neutral SNN QI Hedge Fund
Peregrine Capital Pure Hedge H4 QI Hedge Fund

Fixed income

Abax RCIS Vega Retail Hedge Fund
Acumen AcuityOne SNN Retail Hedge Fund
Southchester Smart Escalator Prescient QI Hedge Fund
Terebinth SNN FI Macro Retail Hedge Fund

Multi-strategy

AG Capital Select SNN Retail Hedge Fund
Blue Quadrant Capital Growth Prescient RI Hedge Fund
Coronation Multi-Strategy Arbitrage Hedge Fund
Fairtree Wild Fig Multi Strategy SNN QI Hedge Fund

Pan Africa

Enko Africa Debt Fund
Steyn Capital Africa Fund
Sustainable Capital Africa Alpha Fund

Global

Protea Global SNN Retail Hedge Fund
Visio Salveo Global Long/Short Fund

Specialist

Akani Private Credit (RF) Ltd
Gemcorp Fund I Limited
Greenpoint Specialised Lending Private Credit Fund
Meago Real Estate Prescient RI Hedge Fund

Fund of hedge funds

Citadel Multi-Strategy H4 QI Hedge Fund
Corion Prime Multi-Strategy Qualified Hedge Fund
Momentum RCIS Multi Managed ZAR Equity Hedge QI Hedge Fund
Momentum RCIS ZAR Diversified QI FOF
Old Mutual Multi-Managers Long Short Equity FoHF

Five-year Performance – Single-Manager

All Weather H4 Market Neutral Retail Hedge Fund
Blue Quadrant Capital Growth Prescient RI Hedge Fund
Fairtree Assegai Equity Long Short SNN QI Hedge Fund
Fairtree Wild Fig Multi Strategy SNN QI Hedge Fund
Steyn Capital SNN QI Hedge Fund

Five-year Performance – Fund of Funds

AF Investments Focus QI Hedge Fund of Fund
AF Investments Moderate QI Hedge Fund of Funds
AF Investments Performance QI Hedge Fund of Funds
Old Mutual Multi-Managers Long Short Equity FoHF
RCIS THINK Growth QI Hedge Fund

Ten-year Performance – Single-Manager

Blue Quadrant Capital Growth Prescient RI Hedge Fund
Fairtree Assegai Equity Long Short SNN QI Hedge Fund
Fairtree Wild Fig Multi Strategy SNN QI Hedge Fund
Greenpoint Specialised Lending Private Credit Fund
Polar Star SNN QI Hedge Fund

Ten-year Performance – Fund of Funds

AF Investments Focus QI Hedge Fund of Funds
AF Investments Performance QI Hedge Fund of Funds
Citadel Multi-Strategy H4 QI Hedge Fund
Edge RCIS Portable Alpha 1 QI Hedge Fund
Old Mutual Multi-Managers Long Short Equity FoHF

Best new fund
Cuthman SDR Prescient QI Hedge Fund
Akani Private Credit (RF) Ltd

Fund of the Year nominations to be announced on the night

For queries, email data@hedgenewsafrica.com

Awards are based on risk-adjusted return. The award in each category goes to the fund with the highest return amongst the nominees, provided its Sharpe ratio is within 25% of the top Sharpe ratio amongst the nominees in each category.

To be nominated, funds must have a minimum of R80 million under management (averaged over the period, or $10 million in the case of dollar-based funds) or R160 million in the longer-term awards.

First provisional nominees are announced in November based on 10 months of data. Second provisional nominees are announced in December based on 11 months of data.
Final nominees are announced in January with 12 months of data.

•    Long/short equity
•    Market neutral and quantitative
•    Fixed income
•    Multi-strategy
•    Specialist strategies
•    Pan Africa
•    Global
•    Fund of hedge funds
•    Five-year performance
•    10-year performance
•    New fund of the year
•    Fund of the year

Attendance at the 2022 Awards ceremony on March 9 is by sponsor invitation – or to purchase a table or individual seats please email events@hedgenewsafrica.com for more information. Space is limited.

You can email your booking query to events@hedgenewsafrica.com.

Rooms have been made available at The Vineyard Hotel for the evenings of 8th and 9th March 2023. Should you be interested in making use of this group booking, please email chantal@thevineyard.co.za. Please book early.