There are a number of things that are attributed to brake fade. The two major factors that contribute to the feeling of "no brakes" are glazed shoes/pads as a result of overheating the friction material causing it to more or less melt (the pedal actually feels normal but very little or no stopping occurs). The other is contaminated brake fluid wherein the water in the fluid boils, turns to vapor, and results in a very mushy pedal. Stopping distances are greatly increased because the vapor is being compressed rather than the fluid. The fixes are logical, better pads with higher/broader operating temps and/or a complete brake bleed with fresh brake fluid. Some other things that can cause similar braking problems include a bad master cylinder, caliper piston seals, and to a lessor degree the rubber brake lines.
My guess is that since the car is fairly new you glazed the brakes. Were you playing around (doing excessively hard braking maneuverer's in a parking lot) or something similar? My other question is whether the car stopped even though you did not hear or feel the ABS activate. The ABS only activates if it senses one or more wheels locking up. Where you intentionally trying to lock them up or releasing the brake just before that happened, in which case the ABS would not need to activate.