The HedgeNews Africa South African Single-Manager Composite made a strong start in January, adding a median 1.42%, its strongest monthly gain since October 2017.
The HedgeNews Africa Single-Manager Composite, which includes Africa-focused portfolios, advanced by a median 1.62% for the month.
By comparison, the FTSE/JSE All Share Index added 2.81%, the South African All Bond Index gained 2.9% while STeFI returned 0.6%. Further afield, the MSCI World Index climbed 7.68%, the MSCI Emerging Markets Index gained 8.73% and the MSCI Frontier Markets Africa Index added 1.42%.
By category, multi-strategy funds made the biggest jump in January, adding a median 1.79%.
Long/short equity was the next best performing strategy, delivering a median gain of 1.6%.
Market neutral and quantitative funds had their strongest month since May 2016, adding a median 1.47% in January.
Fixed income funds made steady gains in January, adding a median 0.66%.
Africa-focused funds also had a strong start, with the HedgeNews Africa Pan-Africa Index gaining a median 2.46%. Copyright. HedgeNews Africa – February 2019.
| Median | Mean | |||
| South African Medians | Jan-19 | YTD | Jan-19 | YTD |
| Long/Short Equity | 1.60% | 1.60% | 1.64% | 1.64% |
| Market Neutral & Quantitative Strategies | 1.47% | 1.47% | 1.78% | 1.78% |
| Single Manager Multi-Strategy | 1.79% | 1.79% | 2.04% | 2.04% |
| Fixed Income | 0.66% | 0.66% | 0.87% | 0.87% |
| Event Driven (credit) | 0.80% | 0.80% | 0.80% | 0.80% |
| African Medians | ||||
| Pan-Africa / AME | 2.46% | 2.46% | 2.38% | 2.38% |
| SA Single-Manager Composite | 1.41% | 1.41% | 1.62% | 1.62% |
| HedgeNews Africa Single-Manager Composite | 1.60% | 1.60% | 1.90% | 1.90% |