South African funds made steady progress in August with the HedgeNews Africa South African Single-Manager Composite adding a median 0.48% to sit 4.47% higher for the year.
The HedgeNews Africa Single-Manager Composite, which includes Africa-focused portfolios, added a median 0.65% for the month, leaving it 6.07% higher year to date.
Long/short equity funds were broadly positive in August, adding a median 0.4% to sit 3.93% higher year to date, while market-neutral and quantitative funds gained a median 0.28%, to sit 4.13% higher for the year.
Multi-strategy funds edged a median 0.22% higher to sit 3.95% higher year to date, while fixed income funds advanced by a median 0.91% to sit 6.61% higher for the year.
Africa-focused mandates made solid strides in August, adding a median 1.85% to sit 19.04% higher for the year. Copyright. HedgeNews Africa – September 2017
| Median | Mean | |||
| South African Medians | Aug-17 | YTD-2017 | Aug-17 | YTD-2017 |
| Long/Short Equity | 0.40% | 3.93% | 0.32% | 1.68% |
| Market Neutral & Quantitative Strategies | 0.28% | 4.13% | 0.19% | 3.12% |
| Single Manager Multi-Strategy | 0.22% | 3.95% | -0.20% | 2.93% |
| Fixed Income | 0.91% | 6.61% | 0.92% | 6.70% |
| Event Driven | 1.04% | 8.88% | 1.04% | 8.49% |
| African Medians | ||||
| Pan-Africa / AME | 1.85% | 19.04% | 2.12% | 20.90% |
| SA Single-Manager Composite | 0.48% | 4.47% | 0.25% | 3.00% |
| HedgeNews Africa Single-Manager Composite | 0.65% | 6.07% | 0.84% | 7.51% |