Market neutral tops the tables in May

The HedgeNews Africa South African Single-Manager Composite ground out a median gain of 0.22% in May to sit 3.88% higher year to date. This compares to the FTSE/JSE All Share Index’s decline of 0.42% for the month, leaving it 7.1% in the green on the year.

The HedgeNews Africa Single-Manager Composite, which includes the performance of Africa-focused portfolios, advanced a median 0.63% for the month to sit 4.06% higher to the end of May.

Market-neutral & quantitative was the best-performing strategy in May, adding a median 0.75% to sit 3.61% higher on the year.

Long/short equity funds dipped by a median 0.28%, while multi-strategy funds added a median 0.28% and fixed income funds gained 0.56%.

Long-only Africa-focused funds had a very strong month with the HedgeNews Africa Pan-Africa/AME Index adding a median 4.68% to sit 9.51% higher for the year so far. Copyright. HedgeNews Africa – June 2017

  Median Mean
South African Medians May-17 YTD-2017 May-17 YTD-2017
Long/Short Equity -0.28% 3.17% -1.51% 0.84%
Market Neutral & Quantitative Strategies 0.75% 3.61% 0.28% 2.84%
Single Manager Multi-Strategy 0.28% 3.99% -0.23% 3.25%
Fixed Income 0.56% 3.92% 0.42% 4.80%
Event Driven 1.11% 5.39% 1.03% 5.09%
         
African Medians        
Pan-Africa / AME 4.68% 9.51% 4.68% 9.07%
         
SA Single-Manager Composite 0.22% 3.88% -0.60% 2.36%
HedgeNews Africa Single-Manager Composite 0.63% 4.06% 0.77% 4.08%