Multi-strategy sets pace in August

South African hedge funds added a median 0.95% in August, with the HedgeNews Africa SA Single-Manager Composite sitting 9.26% higher so far this year.

By comparison, the FTSE / JSE All Share Index (TRI) lost 1.74% on a total return basis, and the South African All Bond Index added 1.7%. Global equities moved higher, with the MSCI World Index gaining 2.35% and MSCI Emerging Markets Index.

Multi-strategy funds set the pace, gaining a median 1.21%, followed by long/short funds, which rose a median 1.18% as the South African equity market declined.

Market neutral & quantitative funds gained 0.99% in August and fixed income hedge funds added a median 0.47%.

Further afield, African funds returned a median 0.82% for the month. Copyright. HedgeNews Africa- September 2021.

Median Mean 
South African Medians AUG-21 YTDAUG-21YTD
Long/Short Equity1.18%13.98%0.84%14%
Market Neutral & Quantitative Strategies0.99%5.59%1.69%6.10%
Single Manager Multi-Strategy1.21%9.59%1.22%14.38%
Fixed Income0.47%5.79%0.47%6.40%
Event Driven (credit)0.61%4.90%0.61%4.90%

African Medians
Pan-Africa / AME0.82%7.16%0.90%12.59%

SA Single-Manager Composite0.95%9.26%1.06%11.75%
HedgeNews Africa Single-Manager Composite0.91%8.83%1.14%12.91%