Cape Town - Fairtree Capital, a Cape Town-based hedge fund manager, outperformed the South African stock market by more than three times after betting mining shares would fall and that offshore property companies would gain from a weaker rand. The Assegai MAP Equity Fund managed by Stephen Brown returned 8.9 percent in October for a 29 percent increase this year to the end of last month, according to the company, which has R21 billion ($1.46 billion) across 20 funds. The Johannesburg Stock Exchange All Share Index returned 8.1 percent in the same period. “We’re consistently outperforming the market...