South African long/short equity funds started the year on a strong note after a difficult 2016, coming in as the top-performing category in the HedgeNews Africa database for January with a median gain of 2.13%, their best month since March 2016.
All strategy areas were positive on a median basis, with the HedgeNews Africa South African Composite gaining 1.46% while the broader HedgeNews Africa Composite, which includes pan-African strategies, gained 1.28%.
By comparison, the FTSE/JSE All Share (ALSI) added 4.31% on a total return basis, the All Bond Index gained 1.33%, the MSCI World Index rose 2.4% and the MSCI Emerging Markets Index gained 5.5%. Copyright. HedgeNews Africa – February 2017.
| Median | Mean | |||
| South African Medians | Jan-17 | YTD-2017 | Jan-17 | YTD-2017 |
| Long/Short Equity | 2.13% | 2.13% | 2.21% | 2.21% |
| Market Neutral & Quantitative Strategies | 0.83% | 0.83% | 0.62% | 0.62% |
| Single Manager Multi-Strategy | 1.34% | 1.34% | 1.57% | 1.57% |
| Fixed Income | 0.94% | 0.94% | 1.09% | 1.09% |
| Event Driven | 0.87% | 0.87% | 0.87% | 0.87% |
| African Medians | ||||
| Pan-Africa / AME | 0.81% | 0.81% | 0.42% | 0.42% |
| SA Single-Manager Composite | 1.46% | 1.46% | 1.61% | 1.61% |
| HedgeNews Africa Single-Manager Composite | 1.28% | 1.28% | 1.47% | 1.47% |