The HedgeNews Africa South African Single-Manager Composite ground out a median gain of 0.22% in May to sit 3.88% higher year to date. This compares to the FTSE/JSE All Share Index’s decline of 0.42% for the month, leaving it 7.1% in the green on the year.
The HedgeNews Africa Single-Manager Composite, which includes the performance of Africa-focused portfolios, advanced a median 0.63% for the month to sit 4.06% higher to the end of May.
Market-neutral & quantitative was the best-performing strategy in May, adding a median 0.75% to sit 3.61% higher on the year.
Long/short equity funds dipped by a median 0.28%, while multi-strategy funds added a median 0.28% and fixed income funds gained 0.56%.
Long-only Africa-focused funds had a very strong month with the HedgeNews Africa Pan-Africa/AME Index adding a median 4.68% to sit 9.51% higher for the year so far. Copyright. HedgeNews Africa – June 2017
|South African Medians||May-17||YTD-2017||May-17||YTD-2017|
|Market Neutral & Quantitative Strategies||0.75%||3.61%||0.28%||2.84%|
|Single Manager Multi-Strategy||0.28%||3.99%||-0.23%||3.25%|
|Pan-Africa / AME||4.68%||9.51%||4.68%||9.07%|
|SA Single-Manager Composite||0.22%||3.88%||-0.60%||2.36%|
|HedgeNews Africa Single-Manager Composite||0.63%||4.06%||0.77%||4.08%|