The HedgeNews Africa Awards 2020 took place on March 4, 2021 at 13h00
Funds in the HedgeNews Africa database experienced varying fortunes in 2020 – with many seeing their biggest return swings on record, yet overall delivering a credible return series in a tumultuous year.
Fixed income was the best performing category during the year, followed closely by market neutral and quant funds, while long/short equity and multi-strategy categories had a tougher time.
As is often the case in stressed markets, underlying funds delivered a wide-ranging set of returns – with some exceptional returns at individual fund level. This brings highly competitive shortlists for our 12th annual Awards.
The Awards are based on 2020 calendar-year returns. Funds that submit their returns to our database are automatically considered. To receive a nomination, funds need a minimum of R80 million under management (or $10 million in the case of dollar-based funds), or R160 million in the longer-term categories.
The Awards are based on risk-adjusted return – in order to win in their categories, nominees must have a Sharpe ratio that is within 25% of the top Sharpe amongst the nominees.
Data used in deciding the Awards is independently verified by eComply Consultants.
Now in their 12th year, the HedgeNews Africa Awards are highly respected for recognising those funds that deliver the best risk-adjusted returns in any calendar year.
Nominations are based on return, with the Award in each category ultimately going to the fund that has achieved the best return provided it is within 25% of the top Sharpe ratio among the nominees.
To qualify for a nomination, funds must average a minimum of R80 million under management for the year, or $10 million in US structures. Longer-term awards require R160 million AUM, while the new fund category allows for a lower minimum.
Attendance at the 2020 virtual Awards ceremony on March 4 is by sponsor invitation.
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