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 SI: 1.12
Sortino SI: 3.02
Std deviation SI: 7.47%
Max monthly DD: −3.89%
Max cumulative DD: −3.89%
Benchmark: STeFI + 3% p.a.
ALSI corr: −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 SI: 0.96
Sortino SI: 2.04
Max monthly DD: −5.79%
Max cumulative DD: −6.52%
Std deviation SI: 9.48%
Benchmark: ZARONIA
ALSI corr: −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%
Highest 12m rolling: 21.96%
Lowest 12m rolling: −11.77%
Std deviation SI: 16.01%
Max monthly DD: −10.84%
Max cumulative DD: −11.99%
Benchmark: USD SOFR
ALSI corr: −0.33

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.

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

2026 YTD: 24.89%
1 year ann.: 22.14%
Sharpe: 0.54
Highest 12m rolling: 84.13%
Lowest 12m rolling: −22.67%
Deepest drawdown: −30.13%
Benchmark: USD SOFR
Assets: $36.81m

Section 65 factsheet

Net of fees, in USD. Figures are from the August 2026 Section 65 factsheet, as at 31 August 2026. Past performance is not a guide to future performance.

Platform availability

Available across the South African market.

Explore platforms