The HedgeNews Africa South Africa Single Manager Composite returned a median 0.76% in July, led by the long/short equity category, which delivered 1.23%.
It was a bullish month for equities, which saw the FTSE JSE All Share Index gain 4.18%, while South Africa’s All Bond Index added 0.83%.
Single-manager multi-strategy funds were the next strongest category, gaining a median 0.91%, while South Africa fixed income hedge funds added a median 0.61% in July and market neutral & quantitative funds rose 0.54%.
Amongst Africa-focused mandates, the HedgeNews Africa Pan-Africa/AME Index gained 1.98%. Copyright. HedgeNews Africa- August 2021.
| | Median | Mean | ||
| South African Medians | July-21 | YTD | July-21 | YTD |
| Long/Short Equity | 1.23% | 12.65% | 1.69% | 13.05% |
| Market Neutral & Quantitative Strategies | 0.54% | 4.55% | 0.28% | 4.34% |
| Single Manager Multi-Strategy | 0.91% | 8.28% | 1.83% | 13.00% |
| Fixed Income | 0.61% | 5.29% | 0.26% | 5.90% |
| Event Driven (credit) | 0.61% | 4.27% | 0.61% | 4.27% |
| | | | | |
| African Medians | | | | |
| Pan-Africa / AME | 1.98% | 6.29% | 2.23% | 11.59% |
| | | | | |
| SA Single-Manager Composite | 0.76% | 8.23% | 1.23% | 10.58% |
| HedgeNews Africa Single-Manager Composite | 0.85% | 7.85% | 1.50% | 11.64% |