The HedgeNews Africa South African Single-Manager Composite edged higher in February with a median gain of 0.13%, as returns diverged significantly at both the strategy and fund levels. The broader HedgeNews Africa Single-Manager Composite, which includes the performance of Africa-focused funds, added a median 0.28% for the month.
By comparison, the FTSE/JSE All Share Index declined 3.11% on a total-return basis in February, the MSCI World Index added 2.58% and the MSCI Emerging Markets Index rose 2.99%.
By strategy, fixed income and market-neutral funds were positive for the month while long/short equity and multi-strategy managers were slightly in the red on a median basis. Copyright. HedgeNews Africa – March 2017.
| Median | Mean | |||
| South African Medians | Feb-17 | YTD-2017 | Feb-17 | YTD-2017 |
| Long/Short Equity | -0.25% | 1.75% | -0.40% | 1.77% |
| Market Neutral & Quantitative Strategies | 0.20% | 1.03% | 0.96% | 1.59% |
| Single Manager Multi-Strategy | -0.27% | 1.07% | -0.50% | 1.06% |
| Fixed Income | 0.59% | 1.54% | 0.83% | 1.93% |
| Event Driven | 1.10% | 1.98% | 1.01% | 1.89% |
| African Medians | ||||
| Pan-Africa / AME | 1.53% | 2.35% | 1.69% | 2.12% |
| SA Single-Manager Composite | 0.13% | 1.57% | 0.05% | 1.65% |
| HedgeNews Africa Single-Manager Composite | 0.28% | 1.48% | 0.40% | 1.88% |