South African hedge funds ended September marginally higher, with the HedgeNews Africa South African Single-Manager Composite adding a median 0.26% to sit 4.71% higher year to date.
By comparison, the FTSE/JSE All Share Index tumbled 4.17% (down 3.84% year to date), while the All Bond Index added 0.3% (up 4.81% year to date).
Market-neutral and quantitative funds outperformed long/short equity for the month, adding a median 0.77% (4.45% year to date) while the long/short equity median declined 1.47% (1.38% year to date).
Multi-strategy funds added a median 0.17% for the month, to sit 3.83% higher year to date, while fixed income funds advanced a median 0.64%, to come in 7.91% higher year to date. Copyright. HedgeNews Africa – October 2018.
| Median | Mean | |||
| South African Medians | Sep-18 | YTD-2018 | Sep-18 | YTD-2018 |
| Long/Short Equity | -1.47% | 1.38% | -1.30% | 1.87% |
| Market Neutral & Quantitative Strategies | 0.77% | 4.45% | 1.07% | 5.53% |
| Single Manager Multi-Strategy | 0.17% | 3.83% | -0.16% | 2.49% |
| Fixed Income | 0.64% | 7.91% | 0.64% | 7.47% |
| Event Driven | 1.01% | 8.97% | 0.94% | 8.89% |
| African Medians | ||||
| Pan-Africa / AME | -2.14% | -4.26% | -2.50% | -4.98% |
| SA Single-Manager Composite | 0.25% | 4.70% | -0.26% | 3.56% |
| HedgeNews Africa Single-Manager Composite | -0.06% | 3.28% | -0.54% | 1.54% |