Funds in the HedgeNews Africa database continued to make gains in 2019, adding a median 0.88% in March and 3.73% for the quarter.
The broader HedgeNews Africa Single-Manager Composite, which includes Africa-focused portfolios, gained a median 0.9% for the month to sit 4.09% in the green year to date.
Long/short equity was the best-performing strategy for the month, adding a median 1.47% to record a 6.07% gain for the quarter, while fixed income funds had their strongest month for the year, adding a median 1.01% to sit 2.21% higher for the quarter.
Market-neutral funds were broadly positive for the month, gaining a median 0.94% in March and 3.14% for the quarter. Multi-strategy funds continued to gain in 2019, adding a median 0.76% for the month to sit 4.56% higher as at the end of March. Copyright. HedgeNews Africa – April 2019
| Median | Mean | |||
| South African Medians | Mar-19 | YTD | Mar-19 | YTD |
| Long/Short Equity | 1.47% | 6.07% | 1.17% | 5.67% |
| Market Neutral & Quantitative Strategies | 0.94% | 3.14% | 1.27% | 3.62% |
| Single Manager Multi-Strategy | 0.76% | 4.56% | 0.48% | 5.12% |
| Fixed Income | 1.01% | 2.21% | 1.02% | 2.33% |
| Event Driven (credit) | 0.80% | 2.32% | 0.80% | 2.32% |
| African Medians | ||||
| Pan-Africa / AME | 0.66% | 4.90% | 0.27% | 4.89% |
| SA Single-Manager Composite | 0.88% | 3.73% | 0.94% | 4.52% |
| HedgeNews Africa Single-Manager Composite | 0.90% | 4.09% | 0.82% | 4.73% |