Oryx Investment Management wins leading industry award

12 Dec 06           Press Release

A press release from Hedge Fund Intelligence has announced that Oryx Investment Management was the manager of the winning Fund of the Year 2006 at the inaugural South AfricaHedge Awards in Cape Town this weekend.

In addition to winning Fund of the Year, Oryx Investment Management, headed by Heiko van Wyngaarden, also won the award for the top Long/Short Equity fund, the biggest category by number of funds and assets in the local industry.

The awards were presented at a gala dinner attended by almost 200 leading players in the South African industry at the Vineyard Hotel in Cape Town on December 7. The awards were held to honour the best risk-adjusted performers in local hedge funds in 2006. Special guest speaker Kevin Gundle, of London-based Aurum Funds Management, also marked the occasion of the Awards to give a special award and donation of R150,000 to local charity Ikamva Labantu, headed by Helen Lieberman.

Hedge funds generally invest in a wider universe of assets than conventional unit trust funds and use derivatives primarily to 'hedge' risk and attain positive returns even in negative markets. The awards therefore take into account both the performance and the volatility, as a measure of risk, of the funds relative to their peers.

'The quality of competition for these inaugural Awards demonstrates the tremendous progress made by the South African hedge fund community in recent years and augurs well for the industry's future growth,' said Neil Wilson, Managing Editor of London-based Hedge Fund Intelligence, publishers of South AfricaHedge.

South AfricaHedge Awards 2006

Fund of the Year : Oryx Investment Management

Category Awards

Fixed Income : Coronation Granite Fixed Income
Long Short Equity : Oryx
Market Neutral : Fairtree
Multi-Strategy : Clear Horizon
New Fund : Mondrian
Fund of Funds : Supernova

Note: Hedge funds are not yet regulated for retail sale in South Africa but are available to high-net-worth investors and institutions.

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