The HedgeNews Africa South African Single-Manager Composite made a strong start in January, adding a median 1.42%, its strongest monthly gain since October 2017.
The HedgeNews Africa Single-Manager Composite, which includes Africa-focused portfolios, advanced by a median 1.62% for the month.
By comparison, the FTSE/JSE All Share Index added 2.81%, the South African All Bond Index gained 2.9% while STeFI returned 0.6%. Further afield, the MSCI World Index climbed 7.68%, the MSCI Emerging Markets Index gained 8.73% and the MSCI Frontier Markets Africa Index added 1.42%.
By category, multi-strategy funds made the biggest jump in January, adding a median 1.79%.
Long/short equity was the next best performing strategy, delivering a median gain of 1.6%.
Market neutral and quantitative funds had their strongest month since May 2016, adding a median 1.47% in January.
Fixed income funds made steady gains in January, adding a median 0.66%.
Africa-focused funds also had a strong start, with the HedgeNews Africa Pan-Africa Index gaining a median 2.46%. Copyright. HedgeNews Africa – February 2019.
|South African Medians||Jan-19||YTD||Jan-19||YTD|
|Market Neutral & Quantitative Strategies||1.47%||1.47%||1.78%||1.78%|
|Single Manager Multi-Strategy||1.79%||1.79%||2.04%||2.04%|
|Event Driven (credit)||0.80%||0.80%||0.80%||0.80%|
|Pan-Africa / AME||2.46%||2.46%||2.38%||2.38%|
|SA Single-Manager Composite||1.41%||1.41%||1.62%||1.62%|
|HedgeNews Africa Single-Manager Composite||1.60%||1.60%||1.90%||1.90%|