Equity funds energised by strong market

South African hedge funds had their best month since October 2017, with the HedgeNews Africa South African Single-Manager Composite adding a median 1.36% in April to sit 2.82% higher year to date.

The HedgeNews Africa Single-Manager Composite, which includes Africa-focused and global mandates, gained a median 1.09% to sit 3.14% higher for the year to end-April.

Long/short equity funds had their strongest month of the year, adding a median 1.77%, while multi-strategy funds rose a median 2.3%.

Market-neutral funds added a median 0.89% in April, while fixed income gained a median 0.4%. Copyright. HedgeNews Africa – May 2018.

  Median Mean
South African Medians Apr-18 YTD-2018 Apr-18 YTD-2018
Long/Short Equity 1.77% 1.66% 2.21% 1.58%
Market Neutral & Quantitative Strategies 0.89% 1.95% 0.76% 1.75%
Single Manager Multi-Strategy 2.30% 3.46% 2.80% 1.35%
Fixed Income 0.40% 5.17% 0.19% 5.62%
Event Driven 0.90% 3.64% 0.90% 3.64%
         
African Medians        
Pan-Africa / AME 1.50% 9.27% 1.68% 8.97%
         
SA Single-Manager Composite 1.36% 2.82% 1.81% 2.14%
HedgeNews Africa Single-Manager Composite 1.09% 3.14% 1.58% 3.43%