The HedgeNews Africa South African Single Manager Composite gained a median 0.8% in April, to sit 6.08% higher on the year, while the broader HedgeNews Africa Single Manager Composite, which includes pan-African mandates, added 1%, to come in 5.81% higher for the year so far.
Single-manager multi-strategy funds were the top-performing category for the month, adding a median 1.48%, to reflect a 5.62% gain on the year.
South African long/short equity funds kept pace with equities in April, adding a median 0.95% while the FTSE/JSE All Share Index gained 0.97%. Long/short equity funds are now 10.47% higher on the year, while the ALSI has gained 14.23%.
South African fixed income funds added a median 0.48% for the month, while South Africa’s All Bond Index rose 1.9%. Year to date, fixed income hedge funds are ahead by a median 3.09%, while the ALBI is flat.
Market neutral and quantitative funds rose a median 0.33% in April, to sit 2.6% higher on the year.
The HedgeNews Africa pan-African Index added 1.97% in April to sit 3.37% ahead on the year, with equity mandates outperforming fixed income. Copyright. HedgeNews Africa- April 2021.
| | Median | Mean | ||
| South African Medians | Apr-21 | YTD | Apr-21 | YTD |
| Long/Short Equity | 0.95% | 10.47% | 1.07% | 10.61% |
| Market Neutral & Quantitative Strategies | 0.33% | 2.60% | 0.22% | 2.92% |
| Single Manager Multi-Strategy | 1.48% | 5.62% | 0.22% | 2.92% |
| Fixed Income | 0.48% | 3.09% | 0.61% | 3.29% |
| Event Driven (credit) | 0.59% | 2.40% | 0.59% | 2.40% |
| | | | | |
| African Medians | | | | |
| Pan-Africa / AME | 1.97% | 3.37% | 2.47% | 6.71% |
| | | | | |
| SA Single-Manager Composite | 0.80% | 6.08% | 1.05% | 7.87% |
| HedgeNews Africa Single-Manager Composite | 1.00% | 5.81% | 1.76% | 8.54% |