Equity funds forge ahead in October

South African hedge funds produced their highest monthly return for the year, adding a median 1.89% in October to sit 6.86% higher year to date.

South African long/short funds had their best month since October 2015, adding a median 3.36%.

Multi-strategy funds also had a strong month, adding a median 2.74% – the strategy’s highest monthly return since March 2016.

Market-neutral funds produced a range of returns, adding a median 0.58%.

Fixed income funds were mostly positive in October despite a negative month for the All Bond Index, posting a median gain of 0.72%.

Further afield, the HedgeNews Africa Pan-Africa/AME Index added a median 0.83% while the MSCI Frontier Markets Africa Index came in flat. Copyright. HedgeNews Africa – November 2017

  Median Mean
South African Medians Oct-17 YTD-2017 Oct-17 YTD-2017
Long/Short Equity 3.36% 7.41% 3.19% 4.33%
Market Neutral & Quantitative Strategies 0.95% 5.72% 0.69% 4.47%
Single Manager Multi-Strategy 2.74% 6.91% 2.21% 6.39%
Fixed Income 0.72% 8.89% 0.54% 9.00%
Event Driven 1.10% 11.10% 1.04% 10.62%
         
African Medians        
Pan-Africa / AME 0.83% 19.05% -0.06% 16.61%
         
SA Single-Manager Composite 1.97% 6.95% 2.02% 5.43%
HedgeNews Africa Single-Manager Composite 1.59% 7.94% 1.46% 8.16%