Funds in the HedgeNews Africa database had a strong month, with the HedgeNews Africa South African Single Manager Composite adding a median 3% as markets bounced in November, to come in with a median 4.82% gain for the first 11 months of the year.
The HedgeNews Africa Single Manager Composite, which includes pan-African and global mandates, added 3.94% to sit 2.06% higher on the year.
South African multi-strategy funds were the top-performing category for the month, adding a median 5.96% to come in 0.45% higher for the year.
South African long/short equity funds had a strong month, gaining a median 3.05% in November to come in flat for the year so far.
Market neutral and quantitative funds continued their steady gains to add a median 1.24% (sitting 8.31% higher on the year), overshadowed year to date only by the fixed income category, which was a median 0.76% higher in November, to reflect a 9.53% gain for the first 11 months.
Pan African funds had a good month with a 4.76% gain, but are still in the red on the year. Copyright. HedgeNews Africa – December 2020.
| Median | Mean | |||
| South African Medians | Nov-20 | YTD | Nov-20 | YTD |
| Long/Short Equity | 3.05% | -0.54% | 5.21% | 4.55% |
| Market Neutral & Quantitative Strategies | 1.24% | 8.31% | 2.23% | 8.46% |
| Single Manager Multi-Strategy | 5.96% | 0.45% | 6.29% | 2.07% |
| Fixed Income | 0.76% | 9.53% | 1.58% | 10.35% |
| Event Driven (credit) | 0.59% | 6.87% | 0.60% | 6.88% |
| African Medians | ||||
| Pan-Africa / AME | 4.76% | -13.10% | 4.81% | -8.36% |
| SA Single-Manager Composite | 3.00% | 4.82% | 4.20% | 5.18% |
| HedgeNews Africa Single-Manager Composite | 3.94% | 2.06% | 4.57% | 4.86% |