WHY LIKES THIS FUND
Besides enjoying strong perf ormance over three and f i ve years, the f und has a Sharpe ratio of 1. 8%, which means that the returns for the amount of risk it takes are high. The fund is also sitting with 10% cash in total, which Botha acknowledges is “higher than usual”. While this could act as a drag on returns in the short term, the fund will be able to take advantages of opportunities should there be a pullback. The messy situation regarding performance fees is avoided as the fund does not charge any.