South African funds in the HedgeNews Africa database made steady progress in July with the HedgeNews Africa South African Single-Manager Composite adding a median 1.09% to sit 3.98% higher year to date.
The HedgeNews Africa Single-Manager Composite, which includes the performance of Africa-focused portfolios, gained a median 1.31% for the month, leaving it 5.38% higher over the first seven months.
Long/short equity was the best-performing South African strategy for the month, adding a median 1.57%, while market neutral and quantitative funds recorded their first negative return in 10 months, dipping 0.37%.
Multi-strategy funds added a median 1.13% while fixed income hedge funds enjoyed their second-best month this year, adding 1.01%.
Africa-focused portfolios produced strong returns in July, adding a median 2.23% for the month to sit 16.88% higher year-to-date. Copyright. HedgeNews Africa – August 2017
|South African Medians||Jul-17||YTD-2017||Jul-17||YTD-2017|
|Market Neutral & Quantitative Strategies||-0.37%||3.83%||-0.19%||2.92%|
|Single Manager Multi-Strategy||1.13%||3.72%||1.35%||3.14%|
|Pan-Africa / AME||2.23%||16.88%||2.94%||18.39%|
|SA Single-Manager Composite||1.09%||3.98%||1.31%||2.75%|
|HedgeNews Africa Single-Manager Composite||1.31%||5.38%||1.75%||6.61%|