South African funds in the HedgeNews Africa database were mostly positive in April, with the HedgeNews Africa South African Single-Manager Composite adding a median 1.1% to sit 3.65% higher for the year.
The broader HedgeNews Africa Single-Manager Composite, which includes Africa-focused portfolios, gained a median 1.16% for the month, leaving it 3.41% higher year to date.
Multi-strategy topped the tables for the month, with the HedgeNews Africa Multi-Strategy Index adding a median 1.61% for the month to sit 3.7% higher year to date.
The HedgeNews Africa Long/Short Equity Index gained a median 1.23% in April to sit 3.46% higher year to date, while the HedgeNews Africa Market Neutral and Quantitative Index added a median 1.02% for the month, leaving it 2.84% higher for the year.
The HedgeNews Africa Fixed Income Index recorded a median gain of 0.45% in April to sit 3.34% higher for the year. Copyright. HedgeNews Africa – May 2017
| Median | Mean | |||
| South African Medians | Apr-17 | YTD-2017 | Apr-17 | YTD-2017 |
| Long/Short Equity | 1.23% | 3.46% | 0.46% | 2.38% |
| Market Neutral & Quantitative Strategies | 1.02% | 2.84% | 0.79% | 2.55% |
| Single Manager Multi-Strategy | 1.61% | 3.70% | 1.48% | 3.49% |
| Fixed Income | 0.45% | 3.34% | 0.65% | 4.37% |
| Event Driven | 1.10% | 4.24% | 1.02% | 4.02% |
| African Medians | ||||
| Pan-Africa / AME | 1.74% | 4.61% | 1.16% | 4.19% |
| SA Single-Manager Composite | 1.10% | 3.65% | 0.76% | 2.98% |
| HedgeNews Africa Single-Manager Composite | 1.16% | 3.41% | 0.78% | 3.29% |