Long/short funds strong in June

South African hedge funds had a strong month in June as global markets rallied, with the HedgeNews Africa South African Single-Manager Composite adding a median 1.85%.

The broader HedgeNews Africa Single-Manager Composite, which includes pan-African and global mandates, also added 1.85%.

Long/short equity was the strongest category for the month, with a 3.77% median gain.

Fixed income hedge funds posted healthy numbers, adding a median 1.64%.

Market neutral and quantitative funds came in 1.12% higher in June, while multi-strategy mandates added 1.5%.

Amongst pan-African mandates, the HedgeNews Africa pan Africa/AME Index added 1.44% for the month. Copyright. HedgeNews Africa – July 2020.

Median Mean 
South African MediansJun-20YTDJun-20YTD
Long/Short Equity3.77%-4.08%4.30%-2.26%
Market Neutral & Quantitative Strategies1.12%5.84%2.03%4.90%
Single Manager Multi-Strategy1.51%-4.90%2.25%-4.27%
Fixed Income1.64%6.21%1.57%5.99%
Event Driven (credit)0.69%3.56%0.69%3.56%
African Medians
Pan-Africa / AME1.44%-18.22%1.00%-14.45%
SA Single-Manager Composite1.85%0.59%2.90%-0.48%
HedgeNews Africa Single-Manager Composite1.85%-3.16%2.66%-1.76%