South African hedge funds had a strong June, gaining a median 0.73% to sit 2.8% higher for the first half.
By comparison, the FTSE/JSE All Share Index is 1.7% lower on the year, despite a 2.78% June gain, while the All Bond Index is 3.97% higher on the year, after a 1.17% decline in June.
South African hedge funds also compare well against major indices for the first half, with the MSCI World Index down 0.67% year to date, the MSCI Emerging Markets Index 4.57% lower and the MSCI Frontier Markets Index down 13.1%.
Long/short equity funds added a 1.05% in June to sit 1.01% higher year to date, while market neutral and quantitative funds rose 0.4%, to come in 1.95% higher on the year. Multi-strategy funds gained 0.87% in June to sit 2.32% higher year to date.
Fixed income funds had a tough June, dipping 0.18% in their first negative monthly median for the year, but are 5.63% higher so far in 2018.
Further afield, the HedgeNews Africa Pan-Africa/AME Index dipped a median 0.53% in June to sit 1.68% higher by mid-year. Copyright. HedgeNews Africa – July 2018.
| Median | Mean | |||
| South African Medians | Jun-18 | YTD-2018 | Jun-18 | YTD-2018 |
| Long/Short Equity | 1.05% | 1.01% | 1.28% | 0.80% |
| Market Neutral & Quantitative Strategies | 0.40% | 1.95% | 0.92% | 2.21% |
| Single Manager Multi-Strategy | 0.87% | 2.32% | 1.01% | 1.07% |
| Fixed Income | -0.18% | 5.63% | -0.49% | 5.35% |
| Event Driven | 1.05% | 6.22% | 1.05% | 6.22% |
| African Medians | ||||
| Pan-Africa / AME | -0.53% | 1.68% | -0.78% | 0.93% |
| SA Single-Manager Composite | 0.73% | 2.80% | 0.85% | 1.86% |
| HedgeNews Africa Single-Manager Composite | 0.40% | 2.35% | 0.45% | 1.60% |