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Alternative Market Briefing

South African manager Fairtree Capital registers three hedge funds in Caymans

Wednesday, May 06, 2015

Benedicte Gravrand, Opalesque Geneva:

Fairtree Capital, a South African diversified fund manager, has recently completed the Cayman Islands registration of three of its hedge funds. The three funds are now incorporated within the Fairtree Funds Segregated Portfolio Company (SPC) in the Cayman Islands, and are open for subscription.

Fairtree was founded in Cape Town in 2003 with a single market neutral fund. The firm now manages $1.8bn across ten individual strategies, eight of which are hedged and two are long-only. The firm employs 25 investment professionals, organised into individual strategy-specific teams. The firm’s largest single investor is NBIM, the Norwegian Sovereign Wealth Fund, for whom they manage a separate account, and they very recently won a mandate from the World Wildlife Fund to manage a pan-African long-only listed equity fund.

According to fund reports seen by Opalesque, the ZAR693m (US$57.6m) Woodland Multi Strategy Fund, incepted in April 2012, has averaged 14.28% per year since inception. The single hedge fund provides exposure to a diversified range of alternative investment strategies across multiple asset classes.

The ZAR667m ($55.4m) Wild Fig Multi Asset Class Fund, started in August 2010, has averaged annually 32.7% since inception. "The fund employs a fixed capital allocation approach, which is rebalanced monthly," says the report, and it "assumes exposure across three Fair......................

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