Multi-strategy funds lead in April

The HedgeNews Africa South African Single Manager Composite gained a median 0.8% in April, to sit 6.08% higher on the year, while the broader HedgeNews Africa Single Manager Composite, which includes pan-African mandates, added 1%, to come in 5.81% higher for the year so far.

Single-manager multi-strategy funds were the top-performing category for the month, adding a median 1.48%, to reflect a 5.62% gain on the year.

South African long/short equity funds kept pace with equities in April, adding a median 0.95% while the FTSE/JSE All Share Index gained 0.97%. Long/short equity funds are now 10.47% higher on the year, while the ALSI has gained 14.23%.

South African fixed income funds added a median 0.48% for the month, while South Africa’s All Bond Index rose 1.9%. Year to date, fixed income hedge funds are ahead by a median 3.09%, while the ALBI is flat.

Market neutral and quantitative funds rose a median 0.33% in April, to sit 2.6% higher on the year.

The HedgeNews Africa pan-African Index added 1.97% in April to sit 3.37% ahead on the year, with equity mandates outperforming fixed income. Copyright. HedgeNews Africa- April 2021.

Median Mean 
South African Medians Apr-21 YTDApr-21YTD
Long/Short Equity0.95%10.47%1.07%10.61%
Market Neutral & Quantitative Strategies0.33%2.60%0.22%2.92%
Single Manager Multi-Strategy1.48%5.62%0.22%2.92%
Fixed Income0.48%3.09%0.61%3.29%
Event Driven (credit)0.59%2.40%0.59%2.40%

African Medians
Pan-Africa / AME1.97%3.37%2.47%6.71%

SA Single-Manager Composite0.80%6.08%1.05%7.87%
HedgeNews Africa Single-Manager Composite1.00%5.81%1.76%8.54%