Cape Town, 10 March 2023: The Fairtree investment team continues their remarkable winning streak, with the Fairtree Assegai Equity Long Short SNN QI Hedge Fund and the Fairtree Wild Fig Multi-Strategy SNN QI Hedge Fund crowned as winners in two prestigious categories at the HedgeNews Africa Awards this year.
At the 14th annual HedgeNews Africa Awards ceremony held yesterday evening in Cape Town, the Fairtree Wild Fig Fund secured victory as the top performer in the Multi-Strategy category for the 2022 calendar year by producing an outstanding return of 26.55% (Sharpe Ratio of 1.84). In addition, the Fairtree Assegai Fund won the award for the best ten-year performance by a single manager, with an exemplary annualised performance of 21.33% (Sharpe Ratio of 0.67).
The annual HedgeNews Africa Awards aim to recognise the best hedge fund managers on the continent. According to the organizers, the market dislocations in 2022 brought about challenging conditions for these managers. Against this backdrop, Fairtree’s seven nominations across various categories are noteworthy: Long/Short Equity: Fairtree Assegai Equity Long Short SNN QI Hedge Fund Market Neutral and Quantitative: Fairtree Equity Market Neutral SNN QI Hedge Fund Multi-Strategy: Fairtree Wild Fig Multi-Strategy SNN QI Hedge Fund Five-year Performance – Single-Manager: Fairtree Assegai Equity Long Short SNN QI Hedge Fund and Fairtree Wild Fig Multi-Strategy SNN Q1 Hedge Fund Ten-year Performance – Single-Manager: Fairtree Assegai Equity Long Short SNN QI Hedge Fund and Fairtree Wild Fig Multi-Strategy SNN QI Hedge Fund
“We are honoured to receive the Ten-year Performance Award. Markets have been volatile and really challenging, but we are very pleased that we have managed to navigate these challenges and deliver alpha for our clients,” said Clarissa van der Westhuyzen, Equity Portfolio Manager at Fairtree. “This performance is a result of consistent application of our investment process and made possible by the strong investment team we have developed over the last ten years. Looking ahead, we are confident that our hedge funds can continue to deliver alpha for our investors in all market conditions.”
Kurt van der Walt, Portfolio Manager at Fairtree commented on the performance of the Fairtree Wild Fig Fund, “It is a privilege to receive the Multi-Strategy Fund of the year award for which we are truly grateful. In an ever-changing world, we strive to overcome challenges and capitalise on opportunities to grow the capital of our clients who have entrusted us with it. Last year was no exception and we are pleased with the depth of the Fairtree team who all contributed to the Fund’s performance.”
Fairtree Group CEO, Kobus Nel, expressed his gratitude and said, “We are honoured to have received two prestigious awards this year. We take great pride in being recognised for our dedication to delivering investment excellence and creating long-term wealth for our clients.”
The Annual Awards measure the best risk-adjusted returns of funds across 12 different categories, based on monthly data submitted to the HedgeNews Africa database. This includes South African hedge funds, as well as other pioneering strategies applied across the broader African markets.
Note to Editor:
Established in 2003, Fairtree is a leading global investment manager that manages alternative and long-only investment portfolios across all global asset classes for local and offshore clients. As a trusted investment partner, Fairtree continually strives for investment excellence and to deliver consistent and competitive returns while pursuing its purpose of enriching the lives of all its stakeholders. The acclaimed specialist investment teams manage around R130 billion in an award-winning range of local and global portfolios.