In categories: Hedge Funds

NINETY ONE EQUITY LONG/SHORT HEDGE FUND

Ninety One is a global investment manager offering active strategies across equities, fixed income, multi-asset and alternatives to institutions, advisors and individual investors around the world. Established in South Africa in 1991, we are an independent firm, dual-listed in Johannesburg and London.

With third-party assets under management of R3 trillion, Ninety One offers a wide range of funds, including a compelling South African hedge fund offering, which comprises both equity long/short and fixed income funds.

At Ninety One we believe in investing for a better tomorrow. We want to assist people around the globe to retire with dignity and meet their financial objectives by offering specialist, active investment expertise. We are a patient, long-term business offering organically-developed investment capabilities through active segregated mandates and mutual funds. Our clients include some of the world’s largest private and public-sector pension funds, financial institutions, corporates, foundations, central banks and intermediaries serving individual investors.

It all began in South Africa in 1991. After 32 years, we have grown to become an established global investment management firm. We continue to develop our owner culture and are committed to building a long-term inter-generational business. The founding leadership is still in place, offering stability and a long-term investment outlook for clients.

We are deeply committed to creating a better, sustainable future. We are conscious of our responsibility, both as investors of other people’s money and of our broader responsibility to society. Through our core investing activities, our leadership in the industry, our environmental initiatives and our commitment to our local communities, we seek to make a positive impact in all that we do.

Our overriding aim is to manage our investments to the highest standard possible and thereby exceed our clients’ investment and service expectations. Our two proven hedge fund strategies have assets under management of R527 million, and are run as an extension of our long-only process and philosophy, housed with an institutional-grade framework.

Ninety One Equity Long/Short Hedge Fund
Hannes van den Berg is strategy leader on the Ninety One Equity Long/Short Hedge Fund, with more than 20 investment specialists offer equity input, including sector, portfolio and quantitative specialists, with an embedded ESG process across all funds.

The hedge fund has returned 18.01% annualised since inception in February 2019 (net of fees as of 31 August 2023).

 

 

Investment terms

Fund manager: Hannes van den Berg
Retail or qualified product: Retail
Hurdle rate: Capped SWIX
High water mark: Yes
Fund open: Yes
Min investment: R250k
Management fee: 1.00%
Performance fee: 20%
Fee cap: 4%
Subscription: Daily
Lockup: No
Redemption: Daily
Inception date: 25 February 2019

Strategy

Ninety One’s general equity investment philosophy is unique in South Africa, focusing on earnings revisions at reasonable valuations. This is based on the belief that markets are inefficient due to behavioural errors, which can be exploited within a disciplined, evidence-based process. Ninety One’s tried and trusted equity process examines earnings forecasts over 6 to 24 months for the top 60-80 JSE-listed counters, while the equity long/short hedge fund takes a shorter-term time horizon, seeking to generate alpha over a three to 12 months investment horizon.

Service providers

Prime broker: RMB
Administrator: State Street Bank and Trust Company
Manco: Ninety One Alternative Investments GP (Pty) Ltd

Contact details

Ninety One (Pty) Ltd
36 Hans Strijdom Avenue,
Foreshore, Cape Town,
8001, South Africa

CEO & founder: Hendrik du Toit
Client manager: Henko Haasbroek
Email: henko.haasbroek@ninetyone.com
Phone: +27 21 901 1202
Mobile: +27 82 797 8726
Website: www.ninetyone.com