Long/short funds in the lead

The HedgeNews Africa South Africa Single Manager Composite returned a median 0.76% in July, led by the long/short equity category, which delivered 1.23%.

It was a bullish month for equities, which saw the FTSE JSE All Share Index gain 4.18%, while South Africa’s All Bond Index added 0.83%.

Single-manager multi-strategy funds were the next strongest category, gaining a median 0.91%, while South Africa fixed income hedge funds added a median 0.61% in July and market neutral & quantitative funds rose 0.54%.

Amongst Africa-focused mandates, the HedgeNews Africa Pan-Africa/AME Index gained 1.98%. Copyright. HedgeNews Africa- August 2021.

Median Mean 
South African Medians July-21 YTDJuly-21YTD
Long/Short Equity1.23%12.65%1.69%13.05%
Market Neutral & Quantitative Strategies0.54%4.55%0.28%4.34%
Single Manager Multi-Strategy0.91%8.28%1.83%13.00%
Fixed Income0.61%5.29%0.26%5.90%
Event Driven (credit)0.61%4.27%0.61%4.27%

African Medians
Pan-Africa / AME1.98%6.29%2.23%11.59%

SA Single-Manager Composite0.76%8.23%1.23%10.58%
HedgeNews Africa Single-Manager Composite0.85%7.85%1.50%11.64%