Funds in the HedgeNews Africa database bounced back in June after a tough May, with the HedgeNews Africa South African Single-Manager Composite adding a median 0.72% to sit 4.73% higher year to date.
The broader HedgeNews Africa Single-Manager Composite, which includes Africa-focused funds, gained a median 0.83% to sit 4.64% higher by mid-year.
Fixed income was the best performing category in June, gaining a median 1.62% to sit 4.95% higher for the year.
Long/short equity funds delivered a broad range of returns, adding a median 0.69% to sit 7.33% higher year to date, while market neutral and quantitative funds added a median 0.46% in June to sit 4.21% in the green year to date.
Multi-strategy funds had a good month, adding a median 0.91% to sit 5.74% higher year to date.
Africa-focused funds were broadly positive in June, advancing a median 0.91% to sit 2.16% higher year to date. Copyright. HedgeNews Africa – July 2019.
| Median | Mean | |||
| South African Medians | Jun-19 | YTD | Jun-19 | YTD |
| Long/Short Equity | 0.69% | 7.33% | 1.12% | 7.25% |
| Market Neutral & Quantitative Strategies | 0.46% | 4.21% | 0.18% | 4.08% |
| Single Manager Multi-Strategy | 0.91% | 5.74% | 1.45% | 6.18% |
| Fixed Income | 1.62% | 4.95% | 1.78% | 4.70% |
| Event Driven (credit) | 0.80% | 4.66% | 0.80% | 4.66% |
| African Medians | ||||
| Pan-Africa / AME | 0.91% | 2.16% | 1.06% | 2.20% |
| SA Single-Manager Composite | 0.72% | 4.73% | 1.12% | 5.96% |
| HedgeNews Africa Single-Manager Composite | 0.83% | 4.64% | 1.19% | 5.38% |