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.
|South African Medians||Jun-19||YTD||Jun-19||YTD|
|Market Neutral & Quantitative Strategies||0.46%||4.21%||0.18%||4.08%|
|Single Manager Multi-Strategy||0.91%||5.74%||1.45%||6.18%|
|Event Driven (credit)||0.80%||4.66%||0.80%||4.66%|
|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%|