Ashburton Dynamic Equity Hedge Fund wins a HedgeNews Africa award

Rudigor Kleyn, Alternative Investments Head: Unlisted Credit, Private Equity and Hedge Funds at Ashburton Investments.

The Ashburton Dynamic Equity Qualified Investor Hedge Fund has won the HedgeNews Africa award for best performing South African Equity Hedge Fund for 2016 with a 15.12% return.

The awards were held in Cape Town on 16 February 2017.

“This is an incredible achievement for the fund,” said Rudigor Kleyn, Alternative Investments Head: Unlisted Credit, Private Equity and Hedge Funds at Ashburton Investments.

“Our team persisted in difficult market conditions, and for that reason, we take great pride when the industry recognises their hard work,” said Kleyn.

The fund, which is only open to qualified investors, is an equity long/short fund employing multiple equity based strategies. It invests primarily in the South African listed equity and derivatives markets and aims to preserve capital while generating consistent real returns of STeFI plus 5% measured over a rolling 36 month period.

The Ashburton Dynamic QI Hedge Fund has a 33 month track record and has returned 47.47% over that period.

Now in their eighth year, the HedgeNews Africa Awards are based on calendar-year returns of funds that submit their data to their database each month.
“To be recognised, among many other quality funds, as the best performer for the year under review, is remarkable,” said Boshoff Grobler, CEO of Ashburton Investments.

We thank the HedgeNews Africa for the recognition and congratulate all the other winners in their respective categories, said Grobler.

The Ashburton Dynamic Equity QI Fund is managed by Mohamed Dhorat, Ashay Deochand and Craig Lyall.

(Qualified investor funds are intended for investors who have R1 million or more to invest. These investors must also have a clear understanding of the market and financial matters. This means that they must have sufficient expertise to understand the workings and risks of hedge funds or has appointed an FSP that has sufficient required knowledge of hedge funds to advise the investor.)