South African hedge funds had their best month since October 2017, with the HedgeNews Africa South African Single-Manager Composite adding a median 1.36% in April to sit 2.82% higher year to date.
The HedgeNews Africa Single-Manager Composite, which includes Africa-focused and global mandates, gained a median 1.09% to sit 3.14% higher for the year to end-April.
Long/short equity funds had their strongest month of the year, adding a median 1.77%, while multi-strategy funds rose a median 2.3%.
Market-neutral funds added a median 0.89% in April, while fixed income gained a median 0.4%. Copyright. HedgeNews Africa – May 2018.
| Median | Mean | |||
| South African Medians | Apr-18 | YTD-2018 | Apr-18 | YTD-2018 |
| Long/Short Equity | 1.77% | 1.66% | 2.21% | 1.58% |
| Market Neutral & Quantitative Strategies | 0.89% | 1.95% | 0.76% | 1.75% |
| Single Manager Multi-Strategy | 2.30% | 3.46% | 2.80% | 1.35% |
| Fixed Income | 0.40% | 5.17% | 0.19% | 5.62% |
| Event Driven | 0.90% | 3.64% | 0.90% | 3.64% |
| African Medians | ||||
| Pan-Africa / AME | 1.50% | 9.27% | 1.68% | 8.97% |
| SA Single-Manager Composite | 1.36% | 2.82% | 1.81% | 2.14% |
| HedgeNews Africa Single-Manager Composite | 1.09% | 3.14% | 1.58% | 3.43% |