South African hedge funds delivered widespread returns in November with the HedgeNews Africa South African Single-Manager Composite dipping a median 0.13% to sit 6.92% higher to the end of November.
Meanwhile, the HedgeNews Africa Single-Manager Composite, which includes Africa-focused portfolios, added a median 0.27%, leaving it 8.38% higher year to date.
Market-neutral funds outperformed their long/short peers, adding a median 0.23% to sit 5.97% higher year to date.
Long/short equity funds dipped a median 0.3% to sit 7.15% higher year to date, with almost two-thirds of the funds ending the month in the red.
Multi-strategy funds were mostly negative in November, declining a median 0.93% (+5.9% year to date). Fixed income funds continue their positive streak, gaining a median 0.44% (+9.37% year to date). Copyright. HedgeNews Africa – December 2017.
| Median | Mean | |||
| South African Medians | Nov-17 | YTD-2017 | Nov-17 | YTD-2017 |
| Long/Short Equity | -0.30% | 7.15% | -0.20% | 4.23% |
| Market Neutral & Quantitative Strategies | 0.23% | 5.97% | -0.65% | 3.79% |
| Single Manager Multi-Strategy | -0.93% | 5.91% | -1.03% | 5.29% |
| Fixed Income | 0.44% | 9.37% | 0.59% | 9.65% |
| Event Driven | 1.09% | 12.49% | 1.04% | 11.91% |
| African Medians | ||||
| Pan-Africa / AME | 2.80% | 22.39% | 6.53% | 24.23% |
| SA Single-Manager Composite | -0.13% | 6.92% | -0.33% | 5.15% |
| HedgeNews Africa Single-Manager Composite | 0.27% | 8.38% | 1.41% | 9.74% |