Pictured with both awards (from left): Eben Karsten (Senior Portfolio Manager), Thomas Schlebusch (C.E.O)

Blue Ink Investments was a double winner at the HedgeNews Africa Awards held in Cape Town on February 17, winning two awards for its 2010 performance in the fund of funds space. Its Blue Ink Fixed Income Arbitrage Fund emerged as the winner in the Fund of Funds category with a 24.23% return over 12 months and a Sharpe ratio of 3.43,while the the Blue Ink-ubator Diversified Fund took the award for Long-Term Performance - Fund of Funds, judged over three years, with an annualised return of 13.74% and a Sharpe ratio of 1.24.

The annual awards, attended by the industry's preeminent fund managers and investors, are based on monthly data compiled by HedgeNews Africa, the region's leading independent hedge fund industry publisher, and recognise the best risk-adjusted returns of hedge funds in South Africa and the broader Africa region.
They are hosted in partnership with leading service providers to the industry, namely Investec Prime Broking, Nedbank Capital, RMB Prime Broking, Deutsche Bank and Peregrine Prime.

"The hedge fund industry has once again demonstrated its ability to protect capital and deliver healthy returns to investors," said Gwyneth Roberts, editor of HedgeNews Africa. "All the categories were closely contested with a great line-up of nominees, illustrating the depth of talent within the industry. With anticipated changes on the regulatory front, the industry is looking forward to receiving greater recognition as an important part of the asset management industry."

For more on the HedgeNews Africa Awards go to www.hedgenewsafrica.com