June was a tough month for South African hedge funds, with the HedgeNews Africa South African Single-Manager Composite declining a median 0.99%, yet still outperforming the JSE All Share Index (-3.49%) and the All Bond Index (-0.95%).
The HedgeNews Africa Single-Manager Composite, which includes Africa-focused portfolios, dipped a median 0.04% for the month, leaving it 4.02% higher year to date.
Market-neutral funds fared better than their long/short equity peers, adding a median 0.59% in June to sit 4.22% higher year to date.
Just a handful of long/short funds added to their year-to-date gains. The category fell by a median 1.22% to sit 1.91% higher for the year.
Fixed income funds were mixed in June with only two-thirds delivering positive returns. The category added a median 0.65% to sit 4.59% in the green for the first half.
Multi-strategy funds had their second negative month for the year, dipping a median 1.37% in June to sit 2.57% higher on the year.
Africa funds enjoyed a strong first half. The HedgeNews Africa Pan-Africa/AME Index delivered a median return of 4.4% to sit 14.33% higher year to date. Copyright. HedgeNews Africa – July 2017
|South African Medians||Jun-17||YTD-2017||Jun-17||YTD-2017|
|Market Neutral & Quantitative Strategies||0.59%||4.22%||0.27%||3.12%|
|Single Manager Multi-Strategy||-1.37%||2.57%||-1.44%||1.77%|
|Pan-Africa / AME||4.40%||14.33%||5.45%||15.01%|
|SA Single-Manager Composite||-0.99%||2.85%||-0.92%||1.42%|
|HedgeNews Africa Single-Manager Composite||-0.04%||4.02%||0.67%||4.78%|