On the money Making
On the money Making waves this quarter Launch of the Laurium Income Prescient Fund Fixed income fund manager J-P du Plessis has joined Laurium Capital, the boutique asset manager which manages several hedge and long-only strategies in South Africa and the rest of Africa. In the past, Laurium has focused predominantly on equity, but with the growth in its multi-asset funds, has decided to extend its expertise by adding a fixed income specialist to its investment team. Du Plessis, who joined Laurium at the beginning of January 2019 from Prescient, is managing the Laurium Income Fund, launched 1 March 2019 using his 20 years’ financial markets experience to further enhance Laurium’s product offering and performance. The Laurium Income Prescient Fund is a multi-asset income fund. The fund is for investors who aim to obtain real returns but with low volatility. The fund is focused on compounding real returns over time while minimising the potential for drawdowns. • The fund’s benchmark is 110% of STeFi call • The fund’s target is to produce inflation + 3% returns • A secondary target is to avoid drawdowns over a rolling three-month period. Contact Laurium Capital for more information on laurium@lauriumcapital.com or 011 263 7700. Laurium's new fixed income fund manager J-P du Plessis Strong risk-adjusted returns Fairtree Hedge Funds take the silverware Two Fairtree hedge funds won in their nominated categories in the 10th Hedge News Africa Awards held in Cape Town in February. By category, fixed income hedge funds were the strongest, adding more than a median 10% for the second consecutive year, followed by marketneutral and quantitative funds, which gained a median 6.18%. Multi-strategy funds ended the year 4.14% higher while equity long/short protected against the downside with a median decline of 1.79%. Against the back drop of complicated markets with an emerging-market exodus causing volatility, and a string of corporate landmines challenging managers, the funds managed by Jean Pierre Verster and Stephen Brown delivered strong risk-adjusted returns over the measured periods. Fairtree was nominated in five categories: • Long/short equity: Fairtree Protea Equity Long Short SNN Retail Hedge Fund and Fairtree Protea Worldwide Flexible Equity SNN QI Hedge Fund • Multi-strategy: Fairtree Wild Fig Multi Strategy SNN QI Hedge Fund and Fairtree Woodland Multi Strategy SNN QI Hedge Fund • Five-year Performance: Single-Manager: Fairtree Assegai Equity Long Short SNN QI Hedge Fund • New Fund of the Year: Fairtree Protea Equity Long Short SNN Retail Hedge Fund • Fund of the Year: Fairtree Protea Equity Long Short SNN Retail Hedge Fund. The awards are based on risk-adjusted returns for the 2018 calendar year, using an established methodology that comprises net returns as well as Sharpe ratio as a measure of volatility. To qualify for a nomination, funds had to average a minimum of R80-million in assets under management in that strategy throughout the calendar year.
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