South African hedge funds produced their highest monthly return for the year, adding a median 1.89% in October to sit 6.86% higher year to date.
South African long/short funds had their best month since October 2015, adding a median 3.36%.
Multi-strategy funds also had a strong month, adding a median 2.74% – the strategy’s highest monthly return since March 2016.
Market-neutral funds produced a range of returns, adding a median 0.58%.
Fixed income funds were mostly positive in October despite a negative month for the All Bond Index, posting a median gain of 0.72%.
Further afield, the HedgeNews Africa Pan-Africa/AME Index added a median 0.83% while the MSCI Frontier Markets Africa Index came in flat. Copyright. HedgeNews Africa – November 2017
| Median | Mean | |||
| South African Medians | Oct-17 | YTD-2017 | Oct-17 | YTD-2017 |
| Long/Short Equity | 3.36% | 7.41% | 3.19% | 4.33% |
| Market Neutral & Quantitative Strategies | 0.95% | 5.72% | 0.69% | 4.47% |
| Single Manager Multi-Strategy | 2.74% | 6.91% | 2.21% | 6.39% |
| Fixed Income | 0.72% | 8.89% | 0.54% | 9.00% |
| Event Driven | 1.10% | 11.10% | 1.04% | 10.62% |
| African Medians | ||||
| Pan-Africa / AME | 0.83% | 19.05% | -0.06% | 16.61% |
| SA Single-Manager Composite | 1.97% | 6.95% | 2.02% | 5.43% |
| HedgeNews Africa Single-Manager Composite | 1.59% | 7.94% | 1.46% | 8.16% |