Funds in the HedgeNews Africa database had a strong month, with the HedgeNews Africa South African Single Manager Composite adding a median 3% as markets bounced in November, to come in with a median 4.82% gain for the first 11 months of the year.
The HedgeNews Africa Single Manager Composite, which includes pan-African and global mandates, added 3.94% to sit 2.06% higher on the year.
South African multi-strategy funds were the top-performing category for the month, adding a median 5.96% to come in 0.45% higher for the year.
South African long/short equity funds had a strong month, gaining a median 3.05% in November to come in flat for the year so far.
Market neutral and quantitative funds continued their steady gains to add a median 1.24% (sitting 8.31% higher on the year), overshadowed year to date only by the fixed income category, which was a median 0.76% higher in November, to reflect a 9.53% gain for the first 11 months.
Pan African funds had a good month with a 4.76% gain, but are still in the red on the year. Copyright. HedgeNews Africa – December 2020.
|South African Medians||Nov-20||YTD||Nov-20||YTD|
|Market Neutral & Quantitative Strategies||1.24%||8.31%||2.23%||8.46%|
|Single Manager Multi-Strategy||5.96%||0.45%||6.29%||2.07%|
|Event Driven (credit)||0.59%||6.87%||0.60%||6.88%|
|Pan-Africa / AME||4.76%||-13.10%||4.81%||-8.36%|
|SA Single-Manager Composite||3.00%||4.82%||4.20%||5.18%|
|HedgeNews Africa Single-Manager Composite||3.94%||2.06%||4.57%||4.86%|