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South African hedge fund outperforms global peers three years going
Nov 15 20111 Comment
After working for large institutions for many years, Steven Liptz and Cy Jacobs formed 36ONE Asset Management in 2004. The company is based in Johannesburg, South Africa and manages five funds in total: two local South African hedge funds, a Cayman based hedge fund and two mutual funds. Current firm AUM is US-$ 500 million.
The long-short hedge funds invest largely in the South African equity market but include selected offshore exposure. The Cayman based hedge fund was established for international investors wanting exposure to the South African equity market. The fund is US Dollar denominated, a currency hedge protects the fund against currency volatility.
The 36ONE Offshore Fund was launched in May 2008 and returned 17.68% in 2008, 26.67% in 2009, 15.63% in 2010 and 8.75% through October 2011 (all figures are net). The fund has over 90% profitable months, average monthly return is 1.51%, Sharpe 4.11 at an annualized volatility of 4.58%.
In this Opalesque.TV interview, Co-Founder Steven Liptz explains what is behind these returns and tells us more about the evolution and strengths of the South African hedge fund industry and economy. [less]
After working for large institutions for many years, Steven Liptz and Cy Jacobs formed 36ONE Asset Management in 2004. The company is based in Johannesburg, South Africa and manages five funds in total: two local South African hedge funds, a Cayman based hedge fund and two mutual funds. Current firm AUM is US-$ 500 million.
The long-short hedge funds invest largely in the South African equity market but include selected offshore exposure. The Cayman based hedge fund was established for international investors wanting exposure to th ...more
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