Strong November for many funds across strategies

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. 

Median Mean 
South African MediansNov-20YTDNov-20YTD
Long/Short Equity3.05%-0.54%5.21%4.55%
Market Neutral & Quantitative Strategies1.24%8.31%2.23%8.46%
Single Manager Multi-Strategy5.96%0.45%6.29%2.07%
Fixed Income0.76%9.53%1.58%10.35%
Event Driven (credit)0.59%6.87%0.60%6.88%
African Medians
Pan-Africa / AME4.76%-13.10%4.81%-8.36%
SA Single-Manager Composite3.00%4.82%4.20%5.18%
HedgeNews Africa Single-Manager Composite3.94%2.06%4.57%4.86%