The HedgeNews Africa South African Single-Manager Composite edged higher in November, delivering a median 0.38% gain (up 4.32% year to date), as the JSE All Share Index (total return) endured its third consecutive negative month with a 3.17% decline (down 12.26% year to date) and the All Bond Index added 3.87% (+7% year to date).
Fixed income hedge funds were the best performing category for the second month, adding a median 1.03% to sit 10.03% higher for the first 11 months of the year.
South African market-neutral and quantitative funds were the next best performing category, adding a median 0.71%, to sit 5.32% higher for the first 11 months of the year.
Multi-strategy funds as a group backtracked for a second month in succession, dipping a median 0.39% to sit 2.75% higher year to date.
As a group, long/short funds were negative in November yet outperformed the equity market with a median -1.05% loss, to sit -2.71% lower on the year. Copyright. HedgeNews Africa – December 2018.
|South African Medians||Nov-18||YTD-2018||Nov-18||YTD-2018|
|Market Neutral & Quantitative Strategies||0.71%||5.32%||0.40%||5.63%|
|Single Manager Multi-Strategy||-0.39%||2.75%||-1.91%||-0.63%|
|Pan-Africa / AME||-0.91%||-8.77%||-0.72%||-9.07%|
|SA Single-Manager Composite||0.38%||4.32%||-0.78%||1.46%|
|HedgeNews Africa Single-Manager Composite||0.07%||1.54%||-0.82%||-1.18%|