South African hedge funds made further gains in April, adding a median 1.12% for the month to sit 4.89% higher year to date.
Long/short equity was the top-performing strategy for the third straight month, gaining a median 2.54% in April (up 8.77% year to date).
Market-neutral funds recorded their second-best monthly return for the year, adding a median 1.1% to sit 4.28% higher for the year so far.
Most multi-strategy funds made gains in April, adding a median 0.85% (to take their year-to-date gain to 5.41%), while fixed income funds also moved higher for the month, adding median 0.63% to sit 2.85% in the green year to date.
Pan African strategies were mixed in April, with long-only equity funds delivering a mixed bag while fixed-income and trade finance strategies made solid progress. The HedgeNews Africa Pan-Africa/AME Index notched up a median 0.19% gain to sit 5.1% higher year to date. Copyright. HedgeNews Africa – May 2019
| Median | Mean | |||
| South African Medians | Apr-19 | YTD | Apr-19 | YTD |
| Long/Short Equity | 2.54% | 8.77% | 2.33% | 8.13% |
| Market Neutral & Quantitative Strategies | 1.10% | 4.28% | 0.88% | 4.53% |
| Single Manager Multi-Strategy | 0.85% | 5.41% | 0.80% | 5.95% |
| Fixed Income | 0.63% | 2.85% | 0.55% | 2.89% |
| Event Driven (credit) | 0.74% | 3.07% | 0.74% | 3.07% |
| African Medians | ||||
| Pan-Africa / AME | 0.19% | 5.10% | 0.23% | 5.14% |
| SA Single-Manager Composite | 1.12% | 4.89% | 1.40% | 5.98% |
| HedgeNews Africa Single-Manager Composite | 0.97% | 5.09% | 1.09% | 5.87% |