South African hedge funds had a strong June, gaining a median 0.73% to sit 2.8% higher for the first half.
By comparison, the FTSE/JSE All Share Index is 1.7% lower on the year, despite a 2.78% June gain, while the All Bond Index is 3.97% higher on the year, after a 1.17% decline in June.
South African hedge funds also compare well against major indices for the first half, with the MSCI World Index down 0.67% year to date, the MSCI Emerging Markets Index 4.57% lower and the MSCI Frontier Markets Index down 13.1%.
Long/short equity funds added a 1.05% in June to sit 1.01% higher year to date, while market neutral and quantitative funds rose 0.4%, to come in 1.95% higher on the year. Multi-strategy funds gained 0.87% in June to sit 2.32% higher year to date.
Fixed income funds had a tough June, dipping 0.18% in their first negative monthly median for the year, but are 5.63% higher so far in 2018.
Further afield, the HedgeNews Africa Pan-Africa/AME Index dipped a median 0.53% in June to sit 1.68% higher by mid-year. Copyright. HedgeNews Africa – July 2018.
|South African Medians||Jun-18||YTD-2018||Jun-18||YTD-2018|
|Market Neutral & Quantitative Strategies||0.40%||1.95%||0.92%||2.21%|
|Single Manager Multi-Strategy||0.87%||2.32%||1.01%||1.07%|
|Pan-Africa / AME||-0.53%||1.68%||-0.78%||0.93%|
|SA Single-Manager Composite||0.73%||2.80%||0.85%||1.86%|
|HedgeNews Africa Single-Manager Composite||0.40%||2.35%||0.45%||1.60%|