South African hedge funds edged forward in September, adding a median 0.46%.
By comparison, the FTSE/JSE All Share Index declined 0.87% for the month and the South African All Bond Index added 1.11%. The MSCI World Index dipped 0.07% and the MSCI Emerging Markets retreated 0.55%.
South African long/short equity funds came in flat for the month, while market-neutral funds had another solid month, gaining a median 0.59%.
Multi-strategy funds were mixed, adding a median 0.18%, while fixed income funds had their strongest month for the year, adding a median 1.41%.
After eight straight positive months, Africa-focused mandates took a breather in September, dipping a median 0.81%. Copyright. HedgeNews Africa – October 2017
| Median | Mean | |||
| South African Medians | Sep-17 | YTD-2017 | Sep-17 | YTD-2017 |
| Long/Short Equity | 0.01% | 3.92% | -0.51% | 1.10% |
| Market Neutral & Quantitative Strategies | 0.59% | 4.73% | 0.62% | 3.76% |
| Single Manager Multi-Strategy | 0.18% | 4.06% | 1.14% | 4.09% |
| Fixed Income | 1.41% | 8.11% | 1.61% | 8.42% |
| Event Driven | 0.87% | 9.89% | 0.87% | 9.48% |
| African Medians | ||||
| Pan-Africa / AME | -0.81% | 18.07% | -3.49% | 16.68% |
| SA Single-Manager Composite | 0.46% | 4.88% | 0.35% | 3.34% |
| HedgeNews Africa Single-Manager Composite | 0.21% | 6.25% | -0.74% | 6.61% |