Fixed income leads for second month

South African hedge funds recorded their second positive monthly return for the year, adding a median 0.84% in February, to sit 1.52% higher year to date, in a volatile month which saw the stock market decline while bonds were strong.

Fixed income was once again the best performing strategy, with the HedgeNews Africa Fixed Income Index adding a median 2.09% in February to sit 3.35% higher year to date.

Amongst equity-focused strategies, the HedgeNews Africa Long/Short Equity Index added a median 0.52% to sit 1.08% higher year to date, while the HedgeNews Africa Market Neutral and Quantitative Index sits 0.82% higher on the year after advancing a median 0.72% for the month. Copyright. HedgeNews Africa – March 2018.

  Median Mean
South African Medians Feb-18 YTD-2018 Feb-18 YTD-2018
Long/Short Equity 0.52% 1.08% 0.55% 0.70%
Market Neutral & Quantitative Strategies 0.72% 0.82% 1.08% 0.86%
Single Manager Multi-Strategy 0.68% 1.77% -0.17% -0.38%
Fixed Income 2.09% 3.35% 2.42% 3.74%
Event Driven 0.86% 1.82% 0.86% 1.82%
         
African Medians        
Pan-Africa / AME 0.62% 6.66% 0.41% 6.45%
         
SA Single-Manager Composite 0.84% 1.52% 0.74% 0.86%
HedgeNews Africa Single-Manager Composite 0.82% 2.00% 0.50% 2.15%