South African hedge funds continued with their strong start to the year, with the HedgeNews Africa South African Single-Manager Composite adding a median 1.4% in February as the equity market advanced.
The broader HedgeNews Africa Single-Manager Composite, which includes Africa-focused portfolios, gained a median 1.55% for the month.
Long/short equity was the best performing strategy for the month, adding a median 3% to sit 4.65% higher year to date.
Market-neutral funds under-performed their long/short peers in February, adding a median 0.7% for the month to sit 2.18% higher year to date.
Multi-strategy funds had another solid month, advancing by a median 1.98% to sit 3.81% higher year to date.
Fixed income funds were broadly positive in February, gaining a median 0.52% to sit 1.18% higher for the year.
Africa-focused funds delivered another set of solid returns, with the HedgeNews Africa Pan-Africa/AME Index adding a median 2.19%. Copyright. HedgeNews Africa – March 2019.
|South African Medians||Feb-19||YTD||Feb-19||YTD|
|Market Neutral & Quantitative Strategies||0.70%||2.18%||0.53%||2.32%|
|Single Manager Multi-Strategy||1.98%||3.81%||2.64%||4.73%|
|Event Driven (credit)||0.70%||1.51%||0.70%||1.51%|
|Pan-Africa / AME||2.19%||4.70%||2.33%||4.77%|
|SA Single-Manager Composite||1.40%||2.83%||1.92%||3.57%|
|HedgeNews Africa Single-Manager Composite||1.55%||3.17%||1.97%||3.91%|