6 December 2007
Arabella Sheraton Grand Hotel
Cape Town, South Africa
The South Africa Hedge Awards celebrated the best performing South African hedge funds of 2007, taking place in the Grand Ballroom of the Arabella Sheraton in Cape Town. The aim of the awards was to recognise the best risk-adjusted performance among South African hedge funds and funds of hedge funds, based on numbers reported to our league tables for the 12 months to the end of October. Over 200 guests attended. Gala event rewards the leading players after a tumultuous year.
MULTI-STRATEGY Nominees: Aeon Multi-Strategy, Clear Horizon Multi-Strategy, BlueBay Mayflower, Mergence Africa.
Multi-strategy is a fast-developing category in the South African hedge fund space, with some quality contenders. The Mergence Africa Hedge Fund, managed by Masimo Magerman, had a solid year, gaining 23.99% on a Sharpe of 1.97; while Asief Mohamed’s Aeon Multi-Strategy fund clocked a 36.61% return on a Sharpe of 2.47. Clear Horizon, winner of last year’s award, had another strong 12 months, gaining 40.29% on a Sharpe of 1.83. The award went to the fund with the highest return, the best Sharpe and also the biggest assets under management – Mayflower, managed by Uys Meyer, Richard Pitt and the BlueBay team.