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Section 3
Fund of Hedge Funds Manager Watch™ Survey Objective: The portfolios in this survey show the performance of fund of hedge fund managers. FoHF managers select a number of underlying single hedge fund managers to provide diversification across a range of alternative strategies. Investment Data to the end of December 2021 Fund Status Open / Closed
Investment Manager
Inception Fund Size Date (R m)
Return Objectives
1 Year
3 Years
5 Years
Calendar Year 2018
Calendar Year 2017
Calendar Year 2016
Multi Strategy AF Investments Moderate QI Hedge Fund of Funds
Open
Mar-00
1 581.79
30% FTSE/JSE CAPPED SWIX ALSI + 70% STeFI
14.06%
11.59%
9.15%
9.26%
11.50%
3.60%
21.92%
13.95%
10.17%
9.79%
10.53%
1.67%
AF Investments Performance QI Hedge Fund of Funds
Open
Jan-06
40% FTSE/JSE CAPPED 8 975.70 SWIX ALSI + 60% STeFI
AF Investments Stable QI Hedge Fund of Funds
Open
Jan-06
1 499.55
8.68%
8.29%
7.65%
6.31%
9.92%
7.58%
Mayibentsha Focused Fund of Hedge Funds
Open
Dec-08
545.40 CPI + 4.5%
11.82%
10.62%
7.49%
13.56%
6.60%
3.96% 5.90%
15% FTSE/JSE CAPPED SWIX ALSI + 85% STeFI
Mayibentsha Moderate Fund of Hedge Funds
Open
Apr-03
446.86 CPI + 3.5%
10.81%
10.26%
8.14%
12.97%
7.07%
Mayibentsha Neutral Fund of Hedge Funds
Open
Apr-08
439.59 CPI + 2.5%
8.48%
8.61%
7.89%
9.13%
8.22%
7.81%
Momentum Investments ZAR Diversified Fund
Open
Nov-07
486.10 STeFI + 4% net of fees
7.04%
7.77%
6.91%
1.80%
14.87%
6.08%
Prime Optimal QI FOHF
Open
Mar-04
144.22
RCIS THINK Growth QI Hedge Fund
Open
Nov-14
156.19 STeFI + 3%
AF Investments Focus QI Hedge Fund of Funds
Open
Feb-11
710.74
Alpha Equity Hedge Fund
Open
Nov-07
419.81 JSE All Share Index
Edge RCIS Matador Retail Hedge Fund
Open
May-04
293.30
TriAlpha Enhanced Fixed Income Fund
Open
Aug-07
275.03 STeFI + 2%
CPI + (4% - 6%) net of fees
14.12%
11.12%
7.80%
13.07%
6.34%
4.24%
20.72%
13.60%
9.56%
9.47%
10.95%
1.67%
23.87%
13.17%
8.47%
5.57%
10.85%
-0.61%
17.24%
11.26%
7.83%
7.01%
9.78%
2.66%
21.15%
12.34%
6.83%
6.05%
10.37%
-7.64%
5.57%
6.13%
7.05%
4.63%
8.22%
7.89%
Specialist Mandates
Fund Size Total
65% FTSE/JSE CAPPED SWIX ALSI + 35% STeFI
FTSE/JSE SWIX All Share Index
15 974.28
Statistics Highest
23.87%
13.95%
10.17%
13.56%
14.87%
7.89%
Median
14.06%
11.12%
7.83%
9.13%
9.92%
3.96%
Average
14.27%
10.67%
8.07%
8.36%
9.63%
3.45%
Lowest
5.57%
6.13%
6.83%
1.80%
6.34%
-7.64%
13
13
13
13
13
13
-8.53%
Number of participants Market Statistics
FTSE/JSE All Share Index
29.23%
15.71%
11.38%
7.00%
12.05%
Short Term Fixed Interest Rate Index
3.81%
5.49%
6.25%
5.39%
7.29%
7.25%
All Bond Index
8.40%
9.12%
9.05%
8.65%
10.32%
7.69%
AECPI
5.47%
4.06%
4.40%
3.17%
3.56%
5.18%
AECPIXU
5.07%
3.92%
4.35%
2.98%
3.73%
5.37%
# Inflation figures in this table are lagged by one month
