Winner of the 2009 Fund of Hedge Funds Award

It is official - the Blue Ink-ubator Diversified fund took home the award for the best performing fund of hedge funds in South Africa in 2009 at the annual HedgeNews Africa function held on 18 February at the Vineyard Hotel in Cape Town. The event showcases the local hedge fund industry and acknowledges the best performers for 2009.

Blue Ink was nominated in the best fund of hedge funds category together with six other fund of funds. The awards are based on the best risk-adjusted returns generated during 2009 and with a return of 19.2%, the Blue Ink-ubator fund was the clear winner. While Blue Ink’s Big Oak fund got a special mention for its 24.34% performance, it did not qualify in terms of assets under management.

The Blue Ink-ubator fund pioneered a new investment strategy in the South African hedge fund space by identifying new fund manager talent, particularly those pursuing alternative strategies and at its launch in September 2007, was the only fund of its kind in South Africa.

Winning this award is a testament to the success of this new strategy, as well as the hard work and dedication of our investment team. Well done to the team at Blue Ink.