Funds in the HedgeNews Africa database had a strong March, with the HedgeNews Africa South African Single Manager Composite gaining 1.61% while the broader HedgeNews Africa Single Manager Composite, which includes pan Africa strategies, gained 1.32%.
By comparison, the JSE All Share Index gained 1.58% on a total return basis, while South Africa’s All Bond Index contracted by 2.54%. The MSCI All World Index rose 3.11% for the month while the MSCI Emerging Markets Index dipped 1.7% and the MSCI Frontiers Markets Africa Index lost 1.48%.
Long/short equity funds were the strongest category for the month, adding a median 3.16% to take year-to-date gains to 9.43%.
Multi-strategy funds were the next best category, adding a median 1.3% in March to sit 4.08% higher year to date.
Fixed income funds gained a subdued 0.29% in March to sit 2.6% higher for the quarter. Copyright. HedgeNews Africa- April 2021.
| | Median | Mean | ||
| South African Medians | Mar-21 | YTD | Mar-21 | YTD |
| Long/Short Equity | 3.16% | 9.43% | 3.10% | 9.44% |
| Market Neutral & Quantitative Strategies | 0.65% | 2.27% | 1.27% | 2.69% |
| Single Manager Multi-Strategy | 1.30% | 4.08% | 2.02% | 6.65% |
| Fixed Income | 0.29% | 2.60% | 0.22% | 2.66% |
| Event Driven (credit) | 0.60% | 1.80% | 0.60% | 1.80% |
| | | | | |
| African Medians | | | | |
| Pan-Africa / AME | -0.74% | 1.38% | -0.46% | 4.14% |
| | | | | |
| SA Single-Manager Composite | 1.61% | 5.24% | 2.22% | 6.75% |
| HedgeNews Africa Single-Manager Composite | 1.32% | 4.76% | 1.81% | 6.66% |