South African hedge funds fared well to limit losses in a red October, dipping a median 0.58% while the the FTSE/JSE All Share Index declined 5.76% and South Africa’s All Bond Index fell 1.71% amid a global market rout.
Fixed income funds had a good month, recording a median gain of 0.73%, with the category retaining its lead as the best-performing hedge fund category so far this year with an 8.91% year-to-date gain.
Long/short equity funds declined by a median 2.82%, to sit 1.54% lower for the year so far.
Market-neutral funds outperformed their long/short peers, dipping a median 0.21% (up 4.57% on the year), while multi-strategy funds declined by a median 0.62% (up 3.15% higher year to date). Copyright. HedgeNews Africa – November 2018.
| Median | Mean | |||
| South African Medians | Oct-18 | YTD-2018 | Oct-18 | YTD-2018 |
| Long/Short Equity | -2.82% | -1.54% | -2.85% | -1.03% |
| Market Neutral & Quantitative Strategies | -0.21% | 4.57% | -0.30% | 5.21% |
| Single Manager Multi-Strategy | -0.62% | 3.15% | -1.16% | 1.30% |
| Fixed Income | 0.73% | 8.91% | 1.21% | 8.77% |
| Event Driven | 1.01% | 10.11% | 1.01% | 9.99% |
| African Medians | ||||
| Pan-Africa / AME | -4.13% | -8.21% | -3.61% | -8.41% |
| SA Single-Manager Composite | -0.58% | 4.10% | -1.15% | 2.37% |
| HedgeNews Africa Single-Manager Composite | -1.74% | 1.48% | -1.79% | -0.28% |