36ONE ASSET MANAGEMENT
36ONE Hedge Funds*
The 36ONE FR QI Hedge Fund and 36ONE FR Retail Hedge Fund are both single-strategy, equity long/short hedge funds, with a moderate net equity bias. These funds invest predominantly in South African listed equities as well as offshore listed equities and other financial instruments to enhance returns and manage risk. We have a long term track record and currently manage ~R15 billion in hedge fund strategies. We aim to grow investors’ capital in real terms over the long term and reduce volatility by managing the risks associated with equities.
Investment team
Cy Jacobs is the lead portfolio manager and is supported by a strong investment team made up of 13 investment professionals: a group of handpicked, exceptional and experienced individuals. Cy is one of the co-founders of 36ONE and heads up the investment team. He has been in the industry for over 25 years and holds a BCom, BAcc and CA (SA).
Investment terms
36ONE FR QI Hedge Fund
Retail or qualified product: Qualified
Hurdle rate: Standard Bank call rate
High water mark: Yes
Fund open: Yes
Min investment: R1 million
Management fee: 1.18% p.a. (excl. VAT)
Performance fee: 20% (excl. VAT) of gains using the high water mark
Subscription: Monthly
Redemption: One calendar month
36ONE FR Retail Hedge Fund
Hurdle rate: Standard Bank call rate
High water mark: No
Fund open: Yes
Min investment: R250,000
Management fee: 1.13% p.a. (excl. VAT)
Performance fee: 20% (excl. VAT) of excess above benchmark over a rolling one year period, capped at 3.5%
Subscription: Daily
Redemption: Daily
Strategy
Both funds are equity long/short hedge funds and are managed pari passu. Our investment approach is centred on the principle that the market does not efficiently price securities at all times. We therefore believe that stock selection through bottom-up fundamental analysis can outperform over time. Risk management is a core component of our investment philosophy and is embedded in all stages of the portfolio management process. Macroeconomic views play a supporting role in portfolio construction.
Strategy: South African - Long/Short Equity - Long Bias
AUM: R13.8 Billion as at 31 July 2023.
Inception date: QIHF: 1 April 2006
RHF (CISCA inception date): 1 November 2016
Service providers
Prime broker: Peresec Prime Brokers
Administrator: Apex Fund and Corporate Services SA
Manco: FundRock Management Company (RF) (Pty) Ltd
Auditor: PricewaterhouseCoopers
Legal advisor: Edward Nathan Sonnenbergs
Contact details
36ONE Asset Management (Pty) Ltd
140 West Street,
Sandton, 2196
Fund manager: Cy Jacobs
Business administration: Steven Liptz
Marketing: Jacqui Ronne and Stash Martins
Phone: +27 10 501 0250
Email: support@36one.co.za
Website: www.36one.co.za
ISIN or ref code: ZAE000284451 (QIHF) / ZAE000257648 (RHF)