South African hedge funds continued with their strong start to the year, with the HedgeNews Africa South African Single-Manager Composite adding a median 1.4% in February as the equity market advanced.
The broader HedgeNews Africa Single-Manager Composite, which includes Africa-focused portfolios, gained a median 1.55% for the month.
Long/short equity was the best performing strategy for the month, adding a median 3% to sit 4.65% higher year to date.
Market-neutral funds under-performed their long/short peers in February, adding a median 0.7% for the month to sit 2.18% higher year to date.
Multi-strategy funds had another solid month, advancing by a median 1.98% to sit 3.81% higher year to date.
Fixed income funds were broadly positive in February, gaining a median 0.52% to sit 1.18% higher for the year.
Africa-focused funds delivered another set of solid returns, with the HedgeNews Africa Pan-Africa/AME Index adding a median 2.19%. Copyright. HedgeNews Africa – March 2019.
| Median | Mean | |||
| South African Medians | Feb-19 | YTD | Feb-19 | YTD |
| Long/Short Equity | 3.00% | 4.65% | 2.77% | 4.46% |
| Market Neutral & Quantitative Strategies | 0.70% | 2.18% | 0.53% | 2.32% |
| Single Manager Multi-Strategy | 1.98% | 3.81% | 2.64% | 4.73% |
| Fixed Income | 0.52% | 1.18% | 0.42% | 1.29% |
| Event Driven (credit) | 0.70% | 1.51% | 0.70% | 1.51% |
| African Medians | ||||
| Pan-Africa / AME | 2.19% | 4.70% | 2.33% | 4.77% |
| SA Single-Manager Composite | 1.40% | 2.83% | 1.92% | 3.57% |
| HedgeNews Africa Single-Manager Composite | 1.55% | 3.17% | 1.97% | 3.91% |