The HedgeNews Africa South African Single-Manager Composite ground out a median gain of 0.22% in May to sit 3.88% higher year to date. This compares to the FTSE/JSE All Share Index’s decline of 0.42% for the month, leaving it 7.1% in the green on the year.
The HedgeNews Africa Single-Manager Composite, which includes the performance of Africa-focused portfolios, advanced a median 0.63% for the month to sit 4.06% higher to the end of May.
Market-neutral & quantitative was the best-performing strategy in May, adding a median 0.75% to sit 3.61% higher on the year.
Long/short equity funds dipped by a median 0.28%, while multi-strategy funds added a median 0.28% and fixed income funds gained 0.56%.
Long-only Africa-focused funds had a very strong month with the HedgeNews Africa Pan-Africa/AME Index adding a median 4.68% to sit 9.51% higher for the year so far. Copyright. HedgeNews Africa – June 2017
| Median | Mean | |||
| South African Medians | May-17 | YTD-2017 | May-17 | YTD-2017 |
| Long/Short Equity | -0.28% | 3.17% | -1.51% | 0.84% |
| Market Neutral & Quantitative Strategies | 0.75% | 3.61% | 0.28% | 2.84% |
| Single Manager Multi-Strategy | 0.28% | 3.99% | -0.23% | 3.25% |
| Fixed Income | 0.56% | 3.92% | 0.42% | 4.80% |
| Event Driven | 1.11% | 5.39% | 1.03% | 5.09% |
| African Medians | ||||
| Pan-Africa / AME | 4.68% | 9.51% | 4.68% | 9.07% |
| SA Single-Manager Composite | 0.22% | 3.88% | -0.60% | 2.36% |
| HedgeNews Africa Single-Manager Composite | 0.63% | 4.06% | 0.77% | 4.08% |