South African hedge funds were positive in October, adding a median 0.88% to sit 6.59% higher for the year.
This compares with a 3.14% gain from the FTSE/JSE All Share Index and a 0.35% decline from the South African All Bond Index.
Multi-strategy funds were the biggest gainers for the month, adding a median 1.38% to sit 8.86% higher year to date, while market neutral and quantitative funds also made good headway, gaining a median 1.17% to sit 6.02% in the green year to date.
Long/short equity funds rose a median 0.81% to sit 8.36% higher year for the year so far.
Fixed income funds continued to make gains in October, adding a median 0.75% to settle 7.54% higher year on the year.
Africa-focused funds were generally positive, gaining a median 0.8% to sit 1.13% higher year to date. Copyright. HedgeNews Africa – November 2019.
| Median | Mean | |||
| South African Medians | Oct-19 | YTD | Oct-19 | YTD |
| Long/Short Equity | 0.81% | 8.36% | 1.55% | 9.48% |
| Market Neutral & Quantitative Strategies | 1.17% | 6.02% | 0.61% | 4.92% |
| Single Manager Multi-Strategy | 1.38% | 8.86% | 1.87% | 9.49% |
| Fixed Income | 0.75% | 7.54% | 0.54% | 6.85% |
| Event Driven (credit) | 0.75% | 8.07% | 0.75% | 8.07% |
| African Medians | ||||
| Pan-Africa / AME | 0.80% | 1.13% | 0.56% | 0.57% |
| SA Single-Manager Composite | 0.88% | 6.59% | 1.28% | 8.10% |
| HedgeNews Africa Single-Manager Composite | 0.88% | 6.31% | 1.13% | 7.01% |