Funds in the HedgeNews Africa database endured a tough May, with the HedgeNews Africa South African Single-Manager Composite dipping a median 0.83% to sit 1.95% higher year to date, in a negative month for the stock market.
The HedgeNews Africa Single-Manager Composite, which includes Africa-focused portfolios, declined 1.22%, leaving it 1.87% higher for the year.
So far in 2018, hedge funds have fared better than the FTSE/JSE All Share Index, which contracted 3.48% in May to sit -4.37% lower on the year.
Only a handful of long/short equity funds made gains in May, declining a median 1.71% yet limiting losses reflected in the broader stock market.
Market neutral and quantitative funds dipped a median 0.4% for the month, fixed income funds added 0.62% and multi-strategy funds lost 1.92%.
Africa was awash with red numbers in May, with funds declining by a median 6.45% to sit 2.23% higher year to date. Copyright. HedgeNews Africa – June 2018.
|South African Medians||May-18||YTD-2018||May-18||YTD-2018|
|Market Neutral & Quantitative Strategies||-0.40%||1.54%||-0.46%||1.28%|
|Single Manager Multi-Strategy||-1.92%||1.44%||-1.14%||0.06%|
|Pan-Africa / AME||-6.45%||2.23%||-6.65%||1.72%|
|SA Single-Manager Composite||-0.83%||1.95%||-1.16%||0.97%|
|HedgeNews Africa Single-Manager Composite||-1.22%||1.87%||-2.21%||1.11%|