Our Funds

Four funds. Each with a singular objective.

Detailed fund information below.

Fusion Rainbow Worldwide Macro Renegade

Objective01

Capital preservation in real terms

AG Capital Fusion Worldwide FR Retail Fund of Hedge Funds

Fund of hedge funds · worldwide multi-strategy

Fusion

14.74%CAGR since inception · ZAR

Fund of hedge funds, global and local.

Targeting capital preservation with low volatility.

AUM: R704.38m
Inception: 1 December 2020
Portfolio manager: Henry Biddlecombe
Liquidity: Daily

1 year: 12.75%
Sharpe (since inception): 1.12
Sortino (since inception): 3.02
Std deviation (since inception): 7.47%
Max monthly DD: −3.89%
Max cumulative DD: −3.89%
Benchmark: STeFI + 3% p.a.
Correlation: All Share Index: −0.24

Fund fact sheet (MDD)

Net of fees. Figures are from the August 2026 minimum disclosure document, as at 31 August 2026. Past performance is not a guide to future performance.

Objective02

Capital growth in real terms, with less volatility than equity markets

AG Capital Rainbow FR Retail Hedge Fund

SA long / short equity · long bias

Rainbow

16.11%CAGR since inception · ZAR

South African long / short strategy, long bias.

Targeting consistent outperformance vs SA equities.

AUM: R1,771.86m
Inception: June 2017
Portfolio manager: Richard Arnesen
Liquidity: Daily

Award nominations

2025FundHub Industry Performance AwardsNominated — SA Long/Short Equity, Long Bias

2024HedgeNews Africa AwardsNominated — Long/short equity (also 2022)

2024Edify Retail Hedge Fund AwardsNominated — Best Equity Growth

1 year: 12.99%
Sharpe (since inception): 0.96
Sortino (since inception): 2.04
Std deviation (since inception): 9.48%
Max monthly DD: −5.79%
Max cumulative DD: −6.52%
Benchmark: ZARONIA
Correlation: All Share Index: −0.06

Fund fact sheet (MDD)

Net of fees. Figures are from the August 2026 minimum disclosure document, as at 31 August 2026. Past performance is not a guide to future performance.

Objective03

Market outperformance with similar volatility to equity markets

AG Capital Worldwide Macro FR Retail Hedge Fund

Global macro · reported in ZAR

Worldwide Macro

10.45%CAGR since inception · ZAR

Global long / short strategy, dynamic exposure.

Effective diversifier for global portfolios.

AUM: R259.05m
Inception: 1 February 2024
Portfolio manager: Joe Bassett
Liquidity: Daily

1 year: 19.76%
Sharpe (since inception): 0.31
Sortino (since inception): 0.49
Std deviation (since inception): 16.01%
Max monthly DD: −10.84%
Max cumulative DD: −11.99%
Benchmark: USD SOFR
Correlation: S&P 500 (ZAR returns): −0.20

Fund fact sheet (MDD)

Net of fees. Performance and risk figures are from the August 2026 MDD, as at 31 August 2026, except the S&P 500 correlation: independently calculated from 31 monthly ZAR fund returns and unhedged S&P 500 price-index returns converted to ZAR using month-end USD/ZAR rates (FRED). The MDD’s −0.33 correlation is with the All Share Index, not the S&P 500. Past performance is not a guide to future performance.

Renegade Capital Global Macro Segregated Portfolio

Global macro · reported in USD

Renegade

16.02%CAGR since inception · USD

Global long / short strategy, dynamic exposure.

Effective diversifier for global portfolios.

AUM: $36.81m
Inception: 11 March 2019
Portfolio manager: Joe Bassett
Liquidity: Monthly

1 year: 22.14%
Sharpe (since inception): 0.54
Sortino (since inception): 1.02
Std deviation (since inception): 23.82%
Max monthly DD: −14.61%
Max cumulative DD: −30.13%
Benchmark: USD SOFR
Correlation: S&P 500 (USD returns): −0.20

Section 65 factsheet

Net of fees, in USD, to 31 August 2026. One-year return, Sharpe and deepest drawdown are from the August 2026 Section 65 factsheet. Sortino, annualised standard deviation, worst monthly return and S&P 500 correlation are independently calculated from 90 rounded monthly fund returns; Sortino uses compounded monthly USD SOFR as the downside threshold. S&P 500 correlation uses monthly USD price-index returns (ex dividends). The factsheet does not state the Sharpe calculation window or methodology. Past performance is not a guide to future performance.

Platform availability

Available across the South African market.

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