The HedgeNews Africa South African Single Manager Composite gained a median 0.8% in April, to sit 6.08% higher on the year, while the broader HedgeNews Africa Single Manager Composite, which includes pan-African mandates, added 1%, to come in 5.81% higher for the year so far.
Single-manager multi-strategy funds were the top-performing category for the month, adding a median 1.48%, to reflect a 5.62% gain on the year.
South African long/short equity funds kept pace with equities in April, adding a median 0.95% while the FTSE/JSE All Share Index gained 0.97%. Long/short equity funds are now 10.47% higher on the year, while the ALSI has gained 14.23%.
South African fixed income funds added a median 0.48% for the month, while South Africa’s All Bond Index rose 1.9%. Year to date, fixed income hedge funds are ahead by a median 3.09%, while the ALBI is flat.
Market neutral and quantitative funds rose a median 0.33% in April, to sit 2.6% higher on the year.
The HedgeNews Africa pan-African Index added 1.97% in April to sit 3.37% ahead on the year, with equity mandates outperforming fixed income. Copyright. HedgeNews Africa- April 2021.
|South African Medians||Apr-21||YTD||Apr-21||YTD|
|Market Neutral & Quantitative Strategies||0.33%||2.60%||0.22%||2.92%|
|Single Manager Multi-Strategy||1.48%||5.62%||0.22%||2.92%|
|Event Driven (credit)||0.59%||2.40%||0.59%||2.40%|
|Pan-Africa / AME||1.97%||3.37%||2.47%||6.71%|
|SA Single-Manager Composite||0.80%||6.08%||1.05%||7.87%|
|HedgeNews Africa Single-Manager Composite||1.00%||5.81%||1.76%||8.54%|