South African hedge funds made a steady start in January, adding a median 0.73% while the FTSE/JSE All Share Index declined 1.69%.
Fixed income funds lead the way for the month, adding median 1.38%, while South Africa’s All Bond Index advanced 1.19%.
Long/short funds started the year off positively, adding a median 1.01% in January, while market-neutral and quantitative funds were mixed, gaining 0.44%, and multi-strategy funds had a steady start, adding 0.66%.
Africa-focused funds produced mixed numbers in January, adding a median 0.65%. Copyright. HedgeNews Africa – February 2020
| Median | Mean | |||
| South African Medians | Jan-20 | YTD | Jan-20 | YTD |
| Long/Short Equity | 1.01% | 1.01% | 0.74% | 0.74% |
| Market Neutral & Quantitative Strategies | 0.44% | 0.44% | 0.35% | 0.35% |
| Single Manager Multi-Strategy | 0.66% | 0.66% | 0.43% | 0.43% |
| Fixed Income | 1.38% | 1.38% | 1.75% | 1.75% |
| Event Driven (credit) | 0.76% | 0.76% | 0.76% | 0.76% |
| African Medians | ||||
| Pan-Africa / AME | 0.65% | 0.65% | 1.15% | 1.15% |
| SA Single-Manager Composite | 0.73% | 0.73% | 0.64% | 0.64% |
| HedgeNews Africa Single-Manager Composite | 0.73% | 0.73% | 0.75% | 0.75% |