South African hedge funds started the year on a solid footing, with the HedgeNews Africa South Africa Single-Manager Composite delivering a 1.64% gain.
The broader HedgeNews Africa Single-Manager Composite, which includes African and global mandates, also added 1.64% for the month.
This compares with 5.21% from South Africa’s FTSE/JSE All Share Index, while the All Bond Index added 0.76%.
South African long/short equity funds were the strongest performers for the month, gaining a median 2.32%.
Market neutral and quantitative funds and fixed income mandates also had a good beginning to 2021, with the categories adding a respective 1.02% and 1.06%.
Multi-strategy funds added 0.83% in January.
Pan-Africa funds also had a healthy start, gaining 1.26%. Copyright. HedgeNews Africa – January 2021.
| | Median | Mean | ||
| South African Medians | Jan-21 | YTD | Jan-21 | YTD |
| Long/Short Equity | 2.32% | 2.32% | 2.56% | 2.56% |
| Market Neutral & Quantitative Strategies | 1.02% | 1.02% | 1.21% | 1.21% |
| Single Manager Multi-Strategy | 0.83% | 0.83% | 1.90% | 1.90% |
| Fixed Income | 1.06% | 1.06% | 1.09% | 1.09% |
| Event Driven (credit) | 0.63% | 0.63% | 0.63% | 0.63% |
| | | | | |
| African Medians | | | | |
| Pan-Africa / AME | 1.26% | 1.26% | 2.39% | 2.39% |
| | | | | |
| SA Single-Manager Composite | 1.64% | 1.64% | 1.91% | 1.91% |
| HedgeNews Africa Single-Manager Composite | 1.64% | 1.64% | 2.19% | 2.19% |