South African hedge funds recorded their second positive monthly return for the year, adding a median 0.84% in February, to sit 1.52% higher year to date, in a volatile month which saw the stock market decline while bonds were strong.
Fixed income was once again the best performing strategy, with the HedgeNews Africa Fixed Income Index adding a median 2.09% in February to sit 3.35% higher year to date.
Amongst equity-focused strategies, the HedgeNews Africa Long/Short Equity Index added a median 0.52% to sit 1.08% higher year to date, while the HedgeNews Africa Market Neutral and Quantitative Index sits 0.82% higher on the year after advancing a median 0.72% for the month. Copyright. HedgeNews Africa – March 2018.
| Median | Mean | |||
| South African Medians | Feb-18 | YTD-2018 | Feb-18 | YTD-2018 |
| Long/Short Equity | 0.52% | 1.08% | 0.55% | 0.70% |
| Market Neutral & Quantitative Strategies | 0.72% | 0.82% | 1.08% | 0.86% |
| Single Manager Multi-Strategy | 0.68% | 1.77% | -0.17% | -0.38% |
| Fixed Income | 2.09% | 3.35% | 2.42% | 3.74% |
| Event Driven | 0.86% | 1.82% | 0.86% | 1.82% |
| African Medians | ||||
| Pan-Africa / AME | 0.62% | 6.66% | 0.41% | 6.45% |
| SA Single-Manager Composite | 0.84% | 1.52% | 0.74% | 0.86% |
| HedgeNews Africa Single-Manager Composite | 0.82% | 2.00% | 0.50% | 2.15% |