Funds in the HedgeNews Africa database were broadly positive in October, with many significantly outperforming the FTSE/JSE All Share Index.
The HedgeNews Africa South African Single-Manager Composite added a median 0.79%, while the HedgeNews Africa Single-Manager Composite, which includes Africa- and global-focused mandates, advanced a median 0.83%.
By comparison, the FTSE/JSE All Share Index added 0.19% for the month, while the South African All Bond Index added 0.51%.
By category, long/short equity made the biggest move in October, adding a median 1.11%, while market neutral and quantitative funds had their third best month this year, adding a median 1.06%.
Multi-strategy funds recorded another solid month, adding a median 0.55%, while fixed income funds gained a median 0.38%. Copyright. HedgeNews Africa – October 2019.
| Median | Mean | |||
| South African Medians | Sept-19 | YTD | Sept-19 | YTD |
| Long/Short Equity | 1.11% | 7.49% | 1.20% | 7.81% |
| Market Neutral & Quantitative Strategies | 1.06% | 4.80% | 0.56% | 4.29% |
| Single Manager Multi-Strategy | 0.55% | 7.38% | 0.82% | 7.48% |
| Fixed Income | 0.38% | 6.74% | 0.04% | 6.28% |
| Event Driven (credit) | 0.80% | 7.26% | 0.80% | 7.26% |
| African Medians | ||||
| Pan-Africa / AME | 1.63% | 0.33% | 1.97% | 0.01% |
| SA Single-Manager Composite | 0.79% | 5.66% | 0.81% | 6.74% |
| HedgeNews Africa Single-Manager Composite | 0.83% | 5.38% | 0.84% | 5.82% |