Cape Town – 10 February 2006. Six of South Africa’s top performing hedge funds were recognised for their achievements at the second annual Old Mutual Symmetry Hedge Fund Awards in Cape Townlast night.
The winners were picked from 21 eligible hedge funds that participated in the qualifying Symmetry Multi-Manager Hedge Fund Performance Survey. Trophies were awarded to two overall winners judged onrisk-adjusted performance over one year and two years, and also the top performers in four categories based on different investment strategies. Funds were judged on their performance (net of allcosts) ending December 31, 2005.
Participation in the Symmetry survey is open to hedge fund managers who have at least R2.5-million of assets under management and a 6-month track record. However, only those hedge funds open to newinvestors and have been active for at least 12 months could qualify for the awards.
