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Downloads  |  Fund Overview  |  Monthly Report  |  Mandate  |  Newsletter  |  Stock-pick

Other  |   Open An Account  |  Contact Us  |  Meet the Investment Team |  Twitter

 

Portfolio Facts

Investment Manager

Absolute Alpha Investment Management  (FSP 564)

Investment Strategy

Relative Value Arbitrage

Geographic Focus

South Africa

Benchmark

STEFI + 4%

Target Return

20% - 30% per annum

Investment Minimum

R100,000

Inception Date

Feb 2008

Withdrawals

1 Calendar Month

Realizations

Re-invested

Administrator

Cortex Derivatives

Auditor

Darryl Sklar & Associates

Portfolio Managers

Mark Weetman &
Tendai Nyakabau

 

 

Performance

As at June 2010
Portfolio Age 26 Months
Portfolio Return
(Since Inception)
 112.03%
YTD Return for 2010  7.19%
Average Monthly Return 2.8%
% of Positive Months 86.21%
Annual Fees

2% of Assets Under Management

Performance fees

20% of Performance in excess of benchmark

High watermark

12 month rolling high watermark

Gearing Up to 5x
Capital Utilisation 60%
Reporting Monthly

 

 

 

 

Portfolio Facts

Investment Manager

Absolute Alpha Investment Management  (FSP 564)

Investment Strategy

Relative Value Arbitrage

Geographic Focus

South Africa

Benchmark

STEFI + 4%

Target Return

20% - 30% per annum

Investment Minimum

R100,000

Inception Date

Feb 2008

Withdrawals

1 Calendar Month

Realizations

Re-invested

Administrator

Cortex Derivatives

Auditor

Darryl Sklar & Associates

Portfolio Managers

Mark Weetman &
Tendai Nyakabau

 

 

Performance

As at June 2010
Portfolio Age 26 Months
Portfolio Return
(Since Inception)
 112.03%
YTD Return for 2010  7.19%
Average Monthly Return 2.8%
% of Positive Months 86.21%
Annual Fees

2% of Assets Under Management

Performance fees

20% of Performance in excess of benchmark

High watermark

12 month rolling high watermark

Gearing Up to 5x
Capital Utilisation 60%
Reporting Monthly

 

 

 

 

"…the portfolio is non directional in nature, focused on market neutral strategies of which pair trades are the primary tool …

 

Our aim is to deliver consistent, positive investment performance above benchmark, with capital preservation and low correlation to the general equity market."

Absolute Intentions

Absolute Alpha's range of strategies aim to generate absolute returns in any market. Our cutting-edge strategies allow the savvy investor to invest in hedge fund-style investments with a low capital investment. Unlike many other funds, Absolute Alpha managers try to align their strategies with that of their investors.

Absolute Strategy 

Our strategy is executed by simultaneously buying and selling derivative contracts on two shares, predominantly in the same sector, and historically correlated with each other in anticipation of the two prices converging or diverging, thus realizing a profit. 

We achieve this by:

  • Identify which shares have significantly over or underperformed relative to one another in the same sector for no particular reason.
  • Determine whether this move away from the normal relationship between the 2 shares is the result of a fundamental shift or due to general market movements.
  • Determine what ratio is expected for the two shares to trade at and thus whether the ratio will diverge or converge from its mean (normal relationship).
  • Enter the trade by going long (buying) the underperforming share and going short (selling) the performing share and profiting from the convergence of the two share prices.
  • A maximum number of positions held at any point in time are 12 pair trades.

Absolute Benefits     

  • Diversifying your portfolio through exposure to alternative investment strategies.
  • Low correlation with traditional long only equity portfolio.
  • Historically risk adjusted returns.
  • Calculated asset allocation through pre-defined risk management.
  • Reduce market volatility.
  • Low capital investment requirement
  • Take advantage of strategies that are not usually available to retail investors.
     

 

 

 

"…the portfolio is non directional in nature, focused on market neutral strategies of which pair trades are the primary tool …

 

Our aim is to deliver consistent, positive investment performance above benchmark, with capital preservation and low correlation to the general equity market."

Absolute Intentions

Absolute Alpha's range of strategies aim to generate absolute returns in any market. Our cutting-edge strategies allow the savvy investor to invest in hedge fund-style investments with a low capital investment. Unlike many other funds, Absolute Alpha managers try to align their strategies with that of their investors.

Absolute Strategy 

Our strategy is executed by simultaneously buying and selling derivative contracts on two shares, predominantly in the same sector, and historically correlated with each other in anticipation of the two prices converging or diverging, thus realizing a profit. 

We achieve this by:

  • Identify which shares have significantly over or underperformed relative to one another in the same sector for no particular reason.
  • Determine whether this move away from the normal relationship between the 2 shares is the result of a fundamental shift or due to general market movements.
  • Determine what ratio is expected for the two shares to trade at and thus whether the ratio will diverge or converge from its mean (normal relationship).
  • Enter the trade by going long (buying) the underperforming share and going short (selling) the performing share and profiting from the convergence of the two share prices.
  • A maximum number of positions held at any point in time are 12 pair trades.

Absolute Benefits     

  • Diversifying your portfolio through exposure to alternative investment strategies.
  • Low correlation with traditional long only equity portfolio.
  • Historically risk adjusted returns.
  • Calculated asset allocation through pre-defined risk management.
  • Reduce market volatility.
  • Low capital investment requirement
  • Take advantage of strategies that are not usually available to retail investors.