Fixed income extends lead over equity in March

Funds in the HedgeNews Africa database continued to make gains through March as the HedgeNews Africa South African Single-Manager Composite added a median 0.94% to advance 2.53% over the first quarter.

The broader HedgeNews Africa Single-Manager Composite, which includes Africa-focused mandates, added a median 2.22% in the first quarter, including 0.73% in March.

Fixed income was the best performing South African strategy in March, adding a median 1.32% for the month to sit 2.88% higher for the year.

Multi-strategy was the next best performing strategy, gaining a median 0.98% to end the quarter 2.06% higher.

Equity strategies also had a good first quarter, with market-neutral outperforming long/short equity in March, adding a respective 0.76% (1.8% for Q1) and 0.45% (2.2% for Q1). Copyright. HedgeNews Africa – March 2017.

  Median Mean
South African Medians Mar-17 YTD-2017 Mar-17 YTD-2017
Long/Short Equity 0.45% 2.20% 0.14% 1.91%
Market Neutral & Quantitative Strategies 0.76% 1.80% 0.16% 1.75%
Single Manager Multi-Strategy 0.98% 2.06% 0.91% 1.98%
Fixed Income 1.32% 2.88% 1.73% 3.69%
Event Driven 1.10% 3.10% 1.06% 2.97%
         
African Medians        
Pan-Africa / AME 0.46% 2.82% 0.86% 3.00%
         
SA Single-Manager Composite 0.94% 2.53% 0.54% 2.20%
HedgeNews Africa Single-Manager Composite 0.73% 2.22% 0.60% 2.49%