South African hedge funds made further gains in April, adding a median 1.12% for the month to sit 4.89% higher year to date.
Long/short equity was the top-performing strategy for the third straight month, gaining a median 2.54% in April (up 8.77% year to date).
Market-neutral funds recorded their second-best monthly return for the year, adding a median 1.1% to sit 4.28% higher for the year so far.
Most multi-strategy funds made gains in April, adding a median 0.85% (to take their year-to-date gain to 5.41%), while fixed income funds also moved higher for the month, adding median 0.63% to sit 2.85% in the green year to date.
Pan African strategies were mixed in April, with long-only equity funds delivering a mixed bag while fixed-income and trade finance strategies made solid progress. The HedgeNews Africa Pan-Africa/AME Index notched up a median 0.19% gain to sit 5.1% higher year to date. Copyright. HedgeNews Africa – May 2019
|South African Medians||Apr-19||YTD||Apr-19||YTD|
|Market Neutral & Quantitative Strategies||1.10%||4.28%||0.88%||4.53%|
|Single Manager Multi-Strategy||0.85%||5.41%||0.80%||5.95%|
|Event Driven (credit)||0.74%||3.07%||0.74%||3.07%|
|Pan-Africa / AME||0.19%||5.10%||0.23%||5.14%|
|SA Single-Manager Composite||1.12%||4.89%||1.40%||5.98%|
|HedgeNews Africa Single-Manager Composite||0.97%||5.09%||1.09%||5.87%|