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% |