The winner for the best fund of funds is…

Not even the strong gale force winds and rain of the Western Cape could defer the glitz and glamour of the inaugural Hedge Funds World Awards Africa 2008*. The turbulent times and financial crisis that rocked the industry just two months prior, saw this as the perfect time to reward the hard work of the fund managers in these testing times. As Wan Brown General Manager of the Hedge Funds World Africa stated, “It was all the more important now for a fund manager to win an award during these challenging times as winning would position the fund manager and his fund at the forefront of the industry, winning would prove he had weathered the financial storm, especially the recent months and winning would help retain investor confidence.”

The event, held at the Cape Sun, was hosted by Top Billing and local celebrity Michael Mol and was sponsored by Peregrine and Nedbank Capital.

Terrapinn is proud to announce the winners of the various awards:

Winner for best long short fund – Oryx SA Fund
Heiko Van Wyngaarden, Oryx Investment Management

Winner for best market neutral fund – Investec Asset Management Active Quants Hedge Fund
Grant Irvine-Smith, Investec Asset Management


Winner for best fixed income fund – Validus Alternative Investment Trust
Kevin Pretorius, KADD Capital


Winner for best new fund – Xebec Multi-strategy
Richard Simpson & Royce Long, Obsidian Capital


Winner for best fund of funds – TriAlpha Enhanced Fixed Income Hedge Fund
Theron Van Wyk, TriAlpha Investment Management


Winner for best overall hedge fund – Investec Asset Management Active Quants Hedge Fund
Grant Irvine-Smith, Investec Asset Management

*Terrapinn wishes to extend a special thank you to Ernst & Young, who judged the award entrants, as well as all our sponsors.

Peregrine’s R1mil donation:

At the Awards, Warren Chapman, Director of Peregrine Securities also initiated an industry-sponsored public benefit organisation called the South African Social Capital Foundation. The goal of the organisation is that of providing an efficient vehicle to contribute to charities, to make social investments and to support initiatives that increase the wellbeing of the society as a whole.

Peregrine has contributed R1M to facilitate this project and to provide funds for its first initiatives.Peregrine believed that the new clearly defined group status should also mobilise the industry to make a contribution to the society that they work in.

Warren continued saying “The wellbeing of South Africa, and its markets are important to us not only as hedge fund managers, but also as ordinary citizens, and as an industry it is important to contribute to the welfare of our society, to its fabric and to its social capital. We have seen similar initiatives like ARK sponsored by UK hedge managers and vehicles like the Soros foundation.With a low level of ego and high level of humility the SA Hedge Managers could do similar good.”

* The Hedge Funds World Awards Africa 2008, was held in conjunction with the 8^th annual Hedge Funds World Africa 2008.