Market neutral leads in July

South African hedge funds were broadly positive in July, with the HedgeNews Africa South African Single-Manager Composite adding a median 0.54% while the FTSE/JSE All Share Index dipped 0.25% and the All Bond Index gained 2.42%.

The market neutral and quantitative category was strongest during the month, adding a median 0.98% in July, extending its year-to-date gain to 2.95% against a 1.95% decline from the domestic equity market.

Long/short equity funds notched up a 0.29% median gain for the month, to sit 1.3% higher year to date.

Multi-strategy funds added a median 0.46% in July, lifting their year-to-date performance to 2.85%, while fixed income funds added a median 0.96%, to sit 6.65% higher year to date. Copyright. HedgeNews Africa – August 2018.

  Median Mean
South African Medians Jul-18 YTD-2018 Jul-18 YTD-2018
Long/Short Equity 0.29% 1.30% 0.11% 0.91%
Market Neutral & Quantitative Strategies 0.98% 2.95% 1.16% 3.40%
Single Manager Multi-Strategy 0.46% 2.85% 0.50% 1.58%
Fixed Income 0.96% 6.65% 0.74% 6.13%
Event Driven 0.78% 7.04% 0.78% 7.04%
         
African Medians        
Pan-Africa / AME -0.15% 1.53% -0.15% 0.78%
         
SA Single-Manager Composite 0.54% 3.37% 0.44% 2.32%
HedgeNews Africa Single-Manager Composite 0.40% 2.77% 0.29% 1.91%