South African funds in the HedgeNews Africa database made steady progress in July with the HedgeNews Africa South African Single-Manager Composite adding a median 1.09% to sit 3.98% higher year to date.
The HedgeNews Africa Single-Manager Composite, which includes the performance of Africa-focused portfolios, gained a median 1.31% for the month, leaving it 5.38% higher over the first seven months.
Long/short equity was the best-performing South African strategy for the month, adding a median 1.57%, while market neutral and quantitative funds recorded their first negative return in 10 months, dipping 0.37%.
Multi-strategy funds added a median 1.13% while fixed income hedge funds enjoyed their second-best month this year, adding 1.01%.
Africa-focused portfolios produced strong returns in July, adding a median 2.23% for the month to sit 16.88% higher year-to-date. Copyright. HedgeNews Africa – August 2017
| Median | Mean | |||
| South African Medians | Jul-17 | YTD-2017 | Jul-17 | YTD-2017 |
| Long/Short Equity | 1.57% | 3.51% | 2.09% | 1.36% |
| Market Neutral & Quantitative Strategies | -0.37% | 3.83% | -0.19% | 2.92% |
| Single Manager Multi-Strategy | 1.13% | 3.72% | 1.35% | 3.14% |
| Fixed Income | 1.01% | 5.65% | 0.80% | 5.73% |
| Event Driven | 1.11% | 7.76% | 1.04% | 7.37% |
| African Medians | ||||
| Pan-Africa / AME | 2.23% | 16.88% | 2.94% | 18.39% |
| SA Single-Manager Composite | 1.09% | 3.98% | 1.31% | 2.75% |
| HedgeNews Africa Single-Manager Composite | 1.31% | 5.38% | 1.75% | 6.61% |