Long/short equity leads in July

South African funds in the HedgeNews Africa database made steady progress in July with the HedgeNews Africa South African Single-Manager Composite adding a median 1.09% to sit 3.98% higher year to date.

The HedgeNews Africa Single-Manager Composite, which includes the performance of Africa-focused portfolios, gained a median 1.31% for the month, leaving it 5.38% higher over the first seven months.

Long/short equity was the best-performing South African strategy for the month, adding a median 1.57%, while market neutral and quantitative funds recorded their first negative return in 10 months, dipping 0.37%.

Multi-strategy funds added a median 1.13% while fixed income hedge funds enjoyed their second-best month this year, adding 1.01%.

Africa-focused portfolios produced strong returns in July, adding a median 2.23% for the month to sit 16.88% higher year-to-date. Copyright. HedgeNews Africa – August 2017

  Median Mean
South African Medians Jul-17 YTD-2017 Jul-17 YTD-2017
Long/Short Equity 1.57% 3.51% 2.09% 1.36%
Market Neutral & Quantitative Strategies -0.37% 3.83% -0.19% 2.92%
Single Manager Multi-Strategy 1.13% 3.72% 1.35% 3.14%
Fixed Income 1.01% 5.65% 0.80% 5.73%
Event Driven 1.11% 7.76% 1.04% 7.37%
         
African Medians        
Pan-Africa / AME 2.23% 16.88% 2.94% 18.39%
         
SA Single-Manager Composite 1.09% 3.98% 1.31% 2.75%
HedgeNews Africa Single-Manager Composite 1.31% 5.38% 1.75% 6.61%