South African hedge funds had a strong month in June as global markets rallied, with the HedgeNews Africa South African Single-Manager Composite adding a median 1.85%.
The broader HedgeNews Africa Single-Manager Composite, which includes pan-African and global mandates, also added 1.85%.
Long/short equity was the strongest category for the month, with a 3.77% median gain.
Fixed income hedge funds posted healthy numbers, adding a median 1.64%.
Market neutral and quantitative funds came in 1.12% higher in June, while multi-strategy mandates added 1.5%.
Amongst pan-African mandates, the HedgeNews Africa pan Africa/AME Index added 1.44% for the month. Copyright. HedgeNews Africa – July 2020.
| Median | Mean | |||
| South African Medians | Jun-20 | YTD | Jun-20 | YTD |
| Long/Short Equity | 3.77% | -4.08% | 4.30% | -2.26% |
| Market Neutral & Quantitative Strategies | 1.12% | 5.84% | 2.03% | 4.90% |
| Single Manager Multi-Strategy | 1.51% | -4.90% | 2.25% | -4.27% |
| Fixed Income | 1.64% | 6.21% | 1.57% | 5.99% |
| Event Driven (credit) | 0.69% | 3.56% | 0.69% | 3.56% |
| African Medians | ||||
| Pan-Africa / AME | 1.44% | -18.22% | 1.00% | -14.45% |
| SA Single-Manager Composite | 1.85% | 0.59% | 2.90% | -0.48% |
| HedgeNews Africa Single-Manager Composite | 1.85% | -3.16% | 2.66% | -1.76% |