South African hedge funds recorded their second best month for the year, adding a median 1.03% in August to sit 4.44% higher year to date.
By comparison, the FTSE/JSE All Share Index added 2.34% on a total return basis to edge into the blue for the year so far, while the All Bond Index dipped 1.87%. The MSCI World Index gained 1.04%, the MSCI Emerging Markets Index declined 2.9% and the MSCI Frontier Markets Africa Index fell 3.75%.
Long/short hedge funds were the best performers, gaining a median 1.57%.
Market neutral and quantitative funds had another steady month, adding 0.68%, while multi-strategy funds added 0.78%. Fixed income funds continued their consistent gains, gaining 0.54%.
Africa-focused funds had a disappointing August, with nearly all ending in the red. The HedgeNews Africa Pan-Africa/AME Index declined by a median 3.35%. Copyright. HedgeNews Africa – October 2018.
|South African Medians||Aug-18||YTD-2018||Aug-18||YTD-2018|
|Market Neutral & Quantitative Strategies||0.68%||3.65%||0.98%||4.41%|
|Single Manager Multi-Strategy||0.78%||3.65%||1.06%||2.66%|
|Pan-Africa / AME||-3.35%||-2.16%||-3.15%||-2.54%|
|SA Single-Manager Composite||1.03%||4.44%||1.48%||3.83%|
|HedgeNews Africa Single-Manager Composite||0.58%||3.34%||0.22%||2.09%|