FRAIM takes top honours at AfricaHedge awards
18 February 2009 | People and Companies | News | FRAIM, a wholly owned subsidiary of Momentum Group
Momentum Wealth is pleased to announce that FRAIM, a division of Momentum Group Limited, took top honours at the 3rd Annual AfricaHedge Awards held in Cape Town last night.
FRAIM’s ZAR Diversified Fund of Funds won Best Fund of Funds for 2008, surpassing the following short-listed funds:
Alpha Fixed Income
Blue Ink-ubator Diversified
SYmmETRY Multi-Strategy Conservative
TriAlpha Enhanced Fixed Income
A relative newcomer to the market, FRAIM’s ZAR Diversified Fund was launched in November 2007.
According to Bradley Anthony, Head of Investments for FRAIM, “2008 was an extremely difficult year for global financial markets. At the start of the year, we were cognisant that increasing market volatility could lead to market dislocation and reduced liquidity. In this type of environment, fundamental valuation would not be a primary driver of asset prices. We therefore constructed a portfolio with this in mind, focusing on ensuring the optimal level of diversification of underlying investment strategies. Our robust risk management framework ensured that our primary philosophy of capital preservation was not compromised in the process of producing our targeted return.”