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Fund in the Spotlight | Fairtree Assegai Equity Long Short FR QI Hedge Fund

The objective of the Fairtree Assegai Equity Long Short FR QI Hedge Fund is to create long-term wealth for investors by extracting alpha from equity markets. Since its inception, the Fund has achieved its objective and has delivered 11 consecutive years of positive returns.

Performance highlights.

 

The Fund has demonstrated a strong trajectory of long-term capital growth. In 2023, the Fund generated 14.56% after fees, outperforming the FTSE/JSE All Share Index (9.25%).

Graph 1: Cumulative performance since inception until the end of February 2024

Key features.

 

    • Directional bias: The Fund is a directionally biased equity long-short hedge fund. The Fund has a long bias, and it is hedged by short positions in equities where there are negative fundamental stock views.
    • Style agnostic: The Fund is style agnostic, which increases the size of its investment universe and de-risks the Fund by not having any style bias.
    • Philosophy: Our individual style and stock picking are always unique. We believe our idea generation, portfolio construction, money management and disciplined approach give the Fund a sustainable edge.

     

Did you know?

 

A testament to its remarkable growth, an investment of R1 million in the Fund at inception in May 2012 would have grown to R8.5 million as at February 2024.

If you are interested in further details about the Fund, the latest fund factsheet can be accessed here.

Graph 2: Returns analysis (annualised) as at 29 February 2024 (net of fees)

Source: FundRock, Fairtree (returns analysis net of fees as at 29 February 2024)
Inception date: May 2012

Table 1: Risk analysis table as at 29 February 2024

Source: FundRock, Fairtree (returns analysis net of fees as at 29 February 2024)
Inception date: May 2012


Disclaimer:

Collective Investment Schemes are generally medium- to long-term investments. The value of participatory interests (units) may go down as well as up. Past performance is not necessarily a guide to future performance. Collective investments are traded at ruling prices and can engage in scrip lending and borrowing. A schedule of fees, charges, minimum fees and maximum commissions, as well as a detailed description of how performance fees are calculated and applied, is available on request from FundRock Management Company (RF)(Pty) Ltd (“the Manager”). The Manager does not provide any guarantee in respect to the capital or the return of the portfolio. The Manager may close the portfolio to new investors in order to manage it efficiently according to its mandate. Prices are published monthly on our website. Additional information, including key investor information documents, minimum disclosure documents, as well as other information relating to the basis on which the manager undertakes to repurchase participatory interests offered to it, and the basis on which selling and repurchase prices will be calculated, is available, free of charge, on request from the Manager. The Manager is registered and approved by the Financial Sector Conduct Authority under CISCA. The Manager retains full legal responsibility for the portfolio. FirstRand Bank Limited, is the appointed trustee. Fairtree Asset Management (Pty) Ltd, FSP No. 25917, is authorised under the Financial Advisory and Intermediary Services Act 37 of 2002 to render investment management services.

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