All South African hedge fund strategies ended January in positive territory, with the HedgeNews Africa South African Single-Manager Composite adding a median 0.67%, albeit with a wide range of returns at individual fund level.
Fixed income was the best performing strategy in January, with the HedgeNews Africa Fixed Income Index adding a median 1.23%. This follows a gain of 10.39% last year.
The HedgeNews Africa Long/Short Equity Index gained a median 0.56% for the month, after adding 5.85% in 2017.
Market-neutral funds eked out a positive median in January, with the HedgeNews Africa Market Neutral and Quantitative Index adding 0.1%, after the category added 3.58% last year.
January was another strong month for African markets, with the HedgeNews Africa Pan-Africa/AME Index gaining a median 6% following a return of 25.99% last year. Copyright. HedgeNews Africa – February 2018.
| Median | Mean | |||
| South African Medians | Jan-18 | YTD-2018 | Jan-18 | YTD-2018 |
| Long/Short Equity | 0.56% | 0.56% | 0.03% | 0.03% |
| Market Neutral & Quantitative Strategies | 0.10% | 0.10% | -0.22% | -0.22% |
| Single Manager Multi-Strategy | 1.08% | 1.08% | -0.21% | -0.21% |
| Fixed Income | 1.23% | 1.23% | 1.29% | 1.29% |
| Event Driven | 0.95% | 0.95% | 0.95% | 0.95% |
| African Medians | ||||
| Pan-Africa / AME | 6.00% | 6.00% | 6.02% | 6.02% |
| SA Single-Manager Composite | 0.67% | 0.67% | 0.07% | 0.07% |
| HedgeNews Africa Single-Manager Composite | 1.17% | 1.17% | 1.62% | 1.62% |