Following the launch of the Fairtree Wild Fig Multi Strategy FR Retail Hedge Fund on 1 June 2023 in response to client demand for a retail version of the multiple award-winning Qualified Investor Hedge Fund which launched in August 2010, the retail version has attracted significant investor interest, rapidly surpassing R1bn.
We want to thank our investors who have partnered with us. We remain committed to delivering on the Fund’s investment objective of generating absolute returns irrespective of market direction and to create long-term wealth for clients, whilst exhibiting volatility in line with the JSE All Share Index over the long term.
This rapid adoption of the Fund has come in just 13 months since its launch. “We are encouraged by the fund’s growth which highlights that clients continue to acknowledge the benefits attributable to multi-strategy hedge fund exposure in a diversified portfolio.” – Bradley Anthony, Group Director and Portfolio Manager.
Absolute Return Mindset.
The Fairtree Wild Fig Multi Strategy capability, which has three entry points (QIHF, RIHF and a USD-denominated fund domiciled in the Cayman Islands), is an absolute return fund that aims to generate positive returns for clients irrespective of market conditions through a blended solution of strategies across three asset classes (equity, fixed income and commodities). Since its launch in 2010 (QIHF), the capability has delivered on this objective, delivering 13 consecutive calendar years of positive performance for clients, at an annualised return of 21.7% (JSE All Share: 11.5%).
In addition to generating attractive long-term performance, drawdown management is key to compounding client’s wealth. “Constructing a well-diversified portfolio across asset classes which maximises returns for clients while exhibiting volatility in line with the equity market is key to the Fund’s longevity,” added Bradley Anthony. “Diversification remains the only free lunch in investing if correlation risk is actively managed. Risk concentration and diversification is an integral part of the portfolio management process.”
QIHF, RIHF or USD.
For ZAR investors, the decision to invest in the QIHF or RIHF comes down to investor needs and preferences.
For USD investors, the Cayman Islands domiciled USD Fund was launched to extend access to the strategy for clients with offshore capital.
The allocations in all three funds are the same, meaning the amount of equity, fixed income, and commodities as a weighting are the same between the three entry points. The key differences between the funds are the domicile, investment minimums, performance fee methodologies, liquidity, and pricing.
In addition to accessing the Fairtree Wild Fig Multi Strategy FR Retail Hedge Fund directly via Fairtree, the Fund is available on all major LISP platforms.
Download the latest fund factsheet.
Graph 1: Cumulative performance since inception until the end of July 2024
Fund source: Apex Fund and Corporate Services SA as at July 2024
Index source: Bloomberg as at July 2024
Table 1: Wild Fig Multi Strategy FR Retail Hedge Fund Return analysis (annualised) as at the end of July 2024
Fund source: Apex Fund and Corporate Services SA as at July 2024
Index source: Bloomberg as at July 2024
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, and maximum commissions, as well as a detailed description of how performance fees are calculated and applied, is available on request from Sanne 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. much an investment has increased/decreased on average each year during a specific period Actual annual figures are available to the investor on request.
