South African multi-strategy funds led the way in September, gaining a median 1.12% in a negative month for both domestic equities and bonds.
The HedgeNews Africa South Africa Single-Manager Composite gained 0.79% while the FTSE JSE All Share Index (TRI) retraced by 3.14% and the All Bond Index fell by 2.12%.
In global markets, the MSCI World Index and the MSCI Emerging Markets Index both declined by more than 4% while MSCI Frontiers Markets Africa Index added 1.58%.
Market neutral and quantitative funds put forward the next best showing, with a median gain of 1.07%, while long/short equity funds were flat for the month, delivering a median return of 0.17%, yet now sitting 13.9% higher for the year so far versus a 12.25% gain for the JSE All Share Index.
South African fixed income funds returned a median 0.32% for the month, delivering a wide range of returns as the ALBI lost ground. Copyright. HedgeNews Africa- October 2021.
| | Median | Mean | ||
| South African Medians | SEPT-21 | YTD | SEPT-21 | YTD |
| Long/Short Equity | 0.17% | 13.90% | -0.28% | 13.54% |
| Market Neutral & Quantitative Strategies | 1.07% | 6.72% | 1.30% | 7.48% |
| Single Manager Multi-Strategy | 1.12% | 10.82% | 1.41% | 16.00% |
| Fixed Income | 0.32% | 6.13% | -0.24% | 6.14% |
| Event Driven (credit) | 0.82% | 5.76% | 0.82% | 5.76% |
| | | | | |
| African Medians | | | | |
| Pan-Africa / AME | -1.45% | 5.61% | -1.07% | 11.38% |
| | | | | |
| SA Single-Manager Composite | 0.79% | 10.08% | 0.40% | 12.13% |
| HedgeNews Africa Single-Manager Composite | 0.18% | 8.96% | -0.34% | 12.42% |