Funds in the HedgeNews Africa database were broadly positive in October, with many significantly outperforming the FTSE/JSE All Share Index.
The HedgeNews Africa South African Single-Manager Composite added a median 0.79%, while the HedgeNews Africa Single-Manager Composite, which includes Africa- and global-focused mandates, advanced a median 0.83%.
By comparison, the FTSE/JSE All Share Index added 0.19% for the month, while the South African All Bond Index added 0.51%.
By category, long/short equity made the biggest move in October, adding a median 1.11%, while market neutral and quantitative funds had their third best month this year, adding a median 1.06%.
Multi-strategy funds recorded another solid month, adding a median 0.55%, while fixed income funds gained a median 0.38%. Copyright. HedgeNews Africa – October 2019.
|South African Medians||Sept-19||YTD||Sept-19||YTD|
|Market Neutral & Quantitative Strategies||1.06%||4.80%||0.56%||4.29%|
|Single Manager Multi-Strategy||0.55%||7.38%||0.82%||7.48%|
|Event Driven (credit)||0.80%||7.26%||0.80%||7.26%|
|Pan-Africa / AME||1.63%||0.33%||1.97%||0.01%|
|SA Single-Manager Composite||0.79%||5.66%||0.81%||6.74%|
|HedgeNews Africa Single-Manager Composite||0.83%||5.38%||0.84%||5.82%|