Amplify Investment Partners has launched two new retail hedge funds – the Amplify SCI Cautious Retail Hedge Fund and the Amplify SCI Stable Income Retail Hedge Fund – strengthening its presence in South Africa’s growing regulated hedge fund space, according to a report. Y CityWire.
The latest additions bring the total number of Amplify’s retail hedge offerings to four.
The ZAR125m Cautious Retail Hedge Fund, managed by niche fixed income manager Southchester Investment Managers, employs a conservative fixed income strategy targeting SteFI +3% returns through low-volatility, geared fixed-interest positioning and active spread trading between fixed and floating rate instruments. The fund is modelled on Southchester’s Smart Escalator Qualified Investor Hedge Fund, which has delivered 12.9% annualised returns since 2017 and has won multiple HedgeNews Africa awards.
The ZAR420m Stable Income Retail Hedge Fund, meanwhile, managed by Ninety One, is a converted version of the firm’s long-running Qualified Investor Hedge Fund. It targets SteFI +4% over 12 months and incorporates SA fixed income, listed property and offshore allocations with an absolute return focus. The strategy has delivered 12.9% annualised returns since inception in 2004, far outpacing SteFI at 7.1%.
Amplify’s assets under management have grown to ZAR66bn, up from ZAR46.7bn at the end of 2023, signalling rising investor demand for regulated hedge fund strategies with differentiated fixed income exposures.
