South African hedge funds returned a median 0.96% in May, according the HedgeNews Africa South African Single-Manager Composite.
This compares with a 0.31% gain from the Johannesburg All Share Index (total return) and 7.06% from South Africa’s All Bond Index.
As a group, South African hedge funds are now a median -1.08% lower for the first five months of the year, limiting losses compared with -10.12% from the ALSI yet slightly behind a +1.53% return from the ALBI.
South African fixed income was the best performing category in May, gaining a median 2.01% to sit 4.5% higher for the year so far.
Market neutral and quantitative mandates gained a median 1.77%, reflecting a 4.67% gain for the year so far.
Long/short equity funds rose 0.17% in May (to sit -7.54% lower on the year), while multi-strategy mandates added 1.4% (-6.31% year to date).
Pan African mandates had a strong month, with the HedgeNews Africa pan Africa AME Index gaining 3.82%. Copyright. HedgeNews Africa – June 2020.
|South African Medians||May-20||YTD||May-20||YTD|
|Market Neutral & Quantitative Strategies||1.77%||4.67%||1.83%||2.82%|
|Single Manager Multi-Strategy||1.40%||-6.31%||0.66%||-6.38%|
|Event Driven (credit)||0.64%||2.85%||0.64%||2.85%|
|Pan-Africa / AME||3.82%||-19.38%||3.58%||-15.30%|
|SA Single-Manager Composite||0.96%||-1.08%||0.69%||-3.26%|
|HedgeNews Africa Single-Manager Composite||1.73%||-4.81%||1.47%||-4.29%|