Fairtree scooped another Raging Bull award, for the second year running in the equity category in the competition, believed to be the “Oscars” of the asset management industry held in Cape Town.
The award ceremony honoured unit trust companies and funds for top performance over periods to the end of December 2018. Fairtree was nominated in three categories, winning one bull and two certificates:
- Raging Bull : Fairtree Equity Prescient Fund – best South African Equity General Fund – risk adjusted performance over 5 years
“We are delighted to have been recognized at the Raging Bull awards for another Raging Bull and two best-in-category certificates. It is an immense honour as it affirms our dedication to our sound investment philosophy, creating long-term wealth for our clients,” said Kobus Nel, CEO, Fairtree.
He affirmed the long and valuable relationships with clients and their advisers and thanked them for their continued support and trust in what was a difficult investment period.
Raging Bull winners, Stephen Brown and Cor Booysen are co-portfolio managers of the Fairtree Equity Prescient Fund, which returned 148.83% .or 13.56% per annum over the period November 2011 to December 2018.
“We believe our investment philosophy, based on three principals: holistic, diversified and flexible are the keys to the fund’s performance,” said Brown on behalf of the co-managers.
“In keeping with our investment philosophy, we have the willingness and ability to change our portfolio when the environment changes, adapting quickly to changes in the economic conditions that affect the earnings outlook of companies,” said Booysen.
“2018 was a year with few companies posting positive returns, whilst many blue chip, large-cap companies posted deep negative returns, we managed to outperform the benchmark by having high exposure to mining, gold and Capitec,” said Brown.
Booysen added they were fortunate not to hold some of the big shares that came under pressure in 2018.
“Our investment approach is very flexible and we regularly review and adjust our exposure to different market sectors for the prevailing market conditions. We believe it will allow us to provide clients with consist superior investment performance in most market conditions,” Brown added.
The annual awards are hosted by Personal Finance, a publication of independent media and co-sponsored by Vunani and the Profile Data Group.