South African hedge funds delivered solid gains across all strategies in December, gaining a median 1.06% to end the year 7.87% higher after a 5.18% gain the year before.
Long/short equity funds made the biggest move, gaining a median 2.22% to end the year 11.01% higher.
Market neutral and quantitative funds had their best year since 2015, adding a median 0.78% in December and 7.45% for the year.
Multi-strategy funds added a median 1.06% to end the year 9.48% in the green, while fixed income funds rose 1.03% in December to end the year 9.15% higher.
Africa-focused funds ended the year strongly, adding a median 2.82% for the month and 4.91% for the year. Copyright. HedgeNews Africa – January 2020.
| Median | Mean | |||
| South African Medians | Dec-19 | YTD | Dec-19 | YTD |
| Long/Short Equity | 2.22% | 11.01% | 2.08% | 12.09% |
| Market Neutral & Quantitative Strategies | 0.78% | 7.45% | 0.70% | 6.54% |
| Single Manager Multi-Strategy | 1.06% | 9.48% | 1.75% | 10.15% |
| Fixed Income | 1.03% | 9.15% | 1.49% | 8.37% |
| Event Driven (credit) | 0.89% | 9.96% | 0.89% | 9.96% |
| African Medians | ||||
| Pan-Africa / AME | 2.82% | 4.91% | 2.45% | 4.03% |
| SA Single-Manager Composite | 1.06% | 7.87% | 1.61% | 9.98% |
| HedgeNews Africa Single-Manager Composite | 1.14% | 7.83% | 1.72% | 9.12% |