Long/short funds lead in March

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%