Mixed month for South African hedge funds

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%