South African hedge funds had a tumultuous year but ended in positive territory, with a median gain of more than 5% versus just over 2% from the main South African equity index.
The HedgeNews Africa South African Single Manager Composite added a median 5.27% in 2016, in a volatile year that saw the JSE All Share Index return 2.63% on a total return basis while South Africa’s All Bond Index gained 15.45%.
All South African hedge fund strategies were positive in December, with the best return coming from multi-strategy funds, followed by event-driven and long/short equity strategies.
For the year, event-driven, fixed income and multi-strategy each added more than 10%, while equity strategies had a tougher time. Copyright. HedgeNews Africa – January 2017.
|South African Medians||Dec-16||2016||Dec-16||2016|
|Market Neutral & Quantitative Strategies||0.65%||2.49%||0.22%||0.68%|
|Single Manager Multi-Strategy||1.48%||10.21%||1.86%||10.77%|
|Pan-Africa / AME||1.16%||-6.54%||1.24%||-6.20%|
|SA Single-Manager Composite||1.03%||5.27%||1.01%||3.53%|
|HedgeNews Africa Single-Manager Composite||1.02%||3.25%||1.02%||1.48%|