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Tuesday August 21 2018
 
Magnum Hedge Funds Shine

Sunday Times, South Africa  February 15, 1998

 

      The Magnum hedge funds, founded by ex-South African Dion Friedland, scored highly in a recent international ranking survey.

      The Magnum Aggressive Growth Fund, Magnum Fund, and Magnum Multi Fund were placed first, second and fifth, respectively, in FT The International magazine's rankings of the best-performing actively hedged funds during the three years to November 1997. The three funds were the only ones of Magnum's 20 funds of funds old enough to qualify for the three-year rankings.

 

      Magnum funds adopt the strategy of blending hedge funds into funds of funds and making consistency of return their primary goal.

 

      "This (ranking) certainly confirms that our strategy is working," said Dion Friedland, chairman of Magnum Funds.

 

      "Combining an array of different hedge fund strategies into funds of funds allows us to achieve steady long-term returns without the usual volatility associated with equity markets."

 

      Hedge funds refer to funds that can use one or more alternative investment strategies, including hedging against market downturns during times of uncertainty and volatility.

 

      Funds of funds can protect even further by spreading the investment risk among a pool of funds that generally are not correlated with each other and with the equity markets.


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