Multi-strategy makes a move in April

South African funds in the HedgeNews Africa database were mostly positive in April, with the HedgeNews Africa South African Single-Manager Composite adding a median 1.1% to sit 3.65% higher for the year.

The broader HedgeNews Africa Single-Manager Composite, which includes Africa-focused portfolios, gained a median 1.16% for the month, leaving it 3.41% higher year to date.

Multi-strategy topped the tables for the month, with the HedgeNews Africa Multi-Strategy Index adding a median 1.61% for the month to sit 3.7% higher year to date.

The HedgeNews Africa Long/Short Equity Index gained a median 1.23% in April to sit 3.46% higher year to date, while the HedgeNews Africa Market Neutral and Quantitative Index added a median 1.02% for the month, leaving it 2.84% higher for the year.

The HedgeNews Africa Fixed Income Index recorded a median gain of 0.45% in April to sit 3.34% higher for the year. Copyright. HedgeNews Africa – May 2017

  Median Mean
South African Medians Apr-17 YTD-2017 Apr-17 YTD-2017
Long/Short Equity 1.23% 3.46% 0.46% 2.38%
Market Neutral & Quantitative Strategies 1.02% 2.84% 0.79% 2.55%
Single Manager Multi-Strategy 1.61% 3.70% 1.48% 3.49%
Fixed Income 0.45% 3.34% 0.65% 4.37%
Event Driven 1.10% 4.24% 1.02% 4.02%
         
African Medians        
Pan-Africa / AME 1.74% 4.61% 1.16% 4.19%
         
SA Single-Manager Composite 1.10% 3.65% 0.76% 2.98%
HedgeNews Africa Single-Manager Composite 1.16% 3.41% 0.78% 3.29%