The HedgeNews Africa South African Single-Manager Composite edged higher in February with a median gain of 0.13%, as returns diverged significantly at both the strategy and fund levels. The broader HedgeNews Africa Single-Manager Composite, which includes the performance of Africa-focused funds, added a median 0.28% for the month.
By comparison, the FTSE/JSE All Share Index declined 3.11% on a total-return basis in February, the MSCI World Index added 2.58% and the MSCI Emerging Markets Index rose 2.99%.
By strategy, fixed income and market-neutral funds were positive for the month while long/short equity and multi-strategy managers were slightly in the red on a median basis. Copyright. HedgeNews Africa – March 2017.
|South African Medians||Feb-17||YTD-2017||Feb-17||YTD-2017|
|Market Neutral & Quantitative Strategies||0.20%||1.03%||0.96%||1.59%|
|Single Manager Multi-Strategy||-0.27%||1.07%||-0.50%||1.06%|
|Pan-Africa / AME||1.53%||2.35%||1.69%||2.12%|
|SA Single-Manager Composite||0.13%||1.57%||0.05%||1.65%|
|HedgeNews Africa Single-Manager Composite||0.28%||1.48%||0.40%||1.88%|