Two Fairtree hedge funds won in their nominated categories in the 10th Hedge News Africa Awards held in Cape Town last week.
By category, fixed income hedge funds were the strongest, adding more than a median 10% for the second consecutive year, followed by market-neutral and quantitative funds, which gained a median 6.18%. Multi-strategy funds ended the year 4.14% higher while equity long/short protected against the downside with a median decline of 1.79%.
Against the back drop of complicated markets with an emerging-market exodus causing volatility, and a string of corporate landmines challenging managers, the funds managed by Jean Pierre Verster and Stephen Brown delivered strong risk-adjusted returns over the measured periods.
Fairtree was nominated in five categories:
Long/short equity - Fairtree Protea Equity Long Short SNN Retail Hedge Fund and Fairtree Protea Worldwide Flexible Equity SNN QI Hedge Fund