All strategies deliver strong December gains

South African hedge funds delivered solid gains across all strategies in December, gaining a median 1.06% to end the year 7.87% higher after a 5.18% gain the year before.

Long/short equity funds made the biggest move, gaining a median 2.22% to end the year 11.01% higher.

Market neutral and quantitative funds had their best year since 2015, adding a median 0.78% in December and 7.45% for the year.

Multi-strategy funds added a median 1.06% to end the year 9.48% in the green, while fixed income funds rose 1.03% in December to end the year 9.15% higher.

Africa-focused funds ended the year strongly, adding a median 2.82% for the month and 4.91% for the year. Copyright. HedgeNews Africa – January 2020.

  Median Mean
South African Medians Dec-19 YTD Dec-19 YTD
Long/Short Equity 2.22% 11.01% 2.08% 12.09%
Market Neutral & Quantitative Strategies 0.78% 7.45% 0.70% 6.54%
Single Manager Multi-Strategy 1.06% 9.48% 1.75% 10.15%
Fixed Income 1.03% 9.15% 1.49% 8.37%
Event Driven (credit) 0.89% 9.96% 0.89% 9.96%
         
African Medians        
Pan-Africa / AME 2.82% 4.91% 2.45% 4.03%
         
SA Single-Manager Composite 1.06% 7.87% 1.61% 9.98%
HedgeNews Africa Single-Manager Composite 1.14% 7.83% 1.72% 9.12%