Hedge Fund Awards

We are thrilled to introduce the 2024 Edify Retail Hedge Fund Awards, a platform to recognise excellence in the Retail Investor Hedge Fund (RIHF) sector.

The awards program fosters engagement between hedge fund managers, financial advisors, and investors, enhancing education and understanding of the hedge fund sector with a specific focus on the retail market. By addressing common misconceptions and the limitations of ASISA hedge fund categories, the awards will help investors evaluate hedge funds more effectively based on their risk profiles. The awards aim to build credibility for hedge fund managers among the wider retail investor base, which has thus far had limited exposure to hedge fund products.

Awards Criteria:

  • Nominees and ultimate winners for each category will be determined based on the highest 3-year risk-adjusted returns.
  • Sortino Ratio will be utilised as the measure of risk-adjusted return.
  • Sortino Ratio was selected as a measure that does not penalise volatility to the upside, and emphasises the positive skew of asymmetric returns.

Awards Categories:

  • Best Fixed Income Retail Hedge Fund
  • Best Equity Retail Hedge Fund: Defensive
  • Best Equity Retail Hedge Fund: Growth
  • Best Multi-Strategy Retail Hedge Fund

Winners

  • Nominee:  Abax Fixed Interest Prescient RI Hedge Fund
  • Nominee:  Abax RCIS Vega Retail Hedge Fund
  • Nominee:  Acumen AcuityOne FR Retail Hedge Fund
  • Winner:  Terebinth FI Macro FR Retail Hedge Fund
  • Nominee:  Marble Rock NCIS Keystone FICC Retail Investor Hedge Fund
  • Winner:  Peregrine Capital High Growth H4 Retail Hedge Fund
  • Nominee:  SouthernCross Multi Strategy Prescient RI Hedge Fund
  • Nominee:  X-Chequer Duo Multi Strategy FR Retail Hedge Fund
  • Nominee:  Abax Bao NCIS Market Neutral RIF
  • Nominee:  Bateleur Market Neutral Prescient RI Hedge Fund
  • Nominee:  Nitrogen Nitrogen RCIS Retail Hedge Fund
  • Winner:  Peregrine Capital Pure Hedge H4 Retail Hedge Fund
  • Nominee:  36ONE FR Retail Hedge Fund
  • Nominee:  Abax Long/Short Equity Prescient RI Hedge Fund
  • Nominee:  AG Capital Opportunity FR Retail Hedge Fund
  • Nominee:  AG Capital Rainbow FR Retail Hedge Fund
  • Winner:  Anchor Stable FR Retail Hedge Fund

Eligibility

The 2024 calendar year monthly returns must be available by 24 January 2025. If returns are not publicly available, they must be submitted to Edify directly. Returns must be for the most expensive retail fee class. To be nominated, funds must have a minimum of R50 million average assets under management for the 3 year period.

Key Dates

  • 27 January 2025 – Nominees announcement.
  • 6 March 2025 – Winner announcement.
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Edify Fund Managers (Pty) Ltd is an authorised financial service provider (FSP 53023) . The information contained herein, should not be construed as advice as defined in the FAIS Act, neither does it constitute a solicitation, invitation or investment recommendation. Investors should take cognisance of the fact that there are risks involved when buying, selling or investing in any financial product. Given that value of investments will fluctuate over time and that past returns may not be indicative of future returns, an investor should seek independent professional financial, legal and tax advice relevant to their individual circumstances before making any investment decision. The validity and accuracy of any illustrations, forecasts or hypothetical data are not guaranteed and are only provided for illustrative purposes.

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