South African single-manager hedge funds added a median 2.32% in June in a post-election market rally, as the FTSE/JSE All Share Index gained 4.08% and South Africa’s All Bond Index rose 5.18%.
Long/short equity funds were the strongest category for the month, adding a median 3.02%.
Market neutral and quantitative funds rose a median 1.92% in June, while fixed income funds gained a median 1.98% and multi-strategy funds gained 1.36%.
South African fund of hedge funds added a median 2.79% in June to come in with a strong first-half gain of 8%. Copyright. HedgeNews Africa – August 2024.