South African hedge funds added a median 0.95% in August, with the HedgeNews Africa SA Single-Manager Composite sitting 9.26% higher so far this year.
By comparison, the FTSE / JSE All Share Index (TRI) lost 1.74% on a total return basis, and the South African All Bond Index added 1.7%. Global equities moved higher, with the MSCI World Index gaining 2.35% and MSCI Emerging Markets Index.
Multi-strategy funds set the pace, gaining a median 1.21%, followed by long/short funds, which rose a median 1.18% as the South African equity market declined.
Market neutral & quantitative funds gained 0.99% in August and fixed income hedge funds added a median 0.47%.
Further afield, African funds returned a median 0.82% for the month. Copyright. HedgeNews Africa- September 2021.
| | Median | Mean | ||
| South African Medians | AUG-21 | YTD | AUG-21 | YTD |
| Long/Short Equity | 1.18% | 13.98% | 0.84% | 14% |
| Market Neutral & Quantitative Strategies | 0.99% | 5.59% | 1.69% | 6.10% |
| Single Manager Multi-Strategy | 1.21% | 9.59% | 1.22% | 14.38% |
| Fixed Income | 0.47% | 5.79% | 0.47% | 6.40% |
| Event Driven (credit) | 0.61% | 4.90% | 0.61% | 4.90% |
| | | | | |
| African Medians | | | | |
| Pan-Africa / AME | 0.82% | 7.16% | 0.90% | 12.59% |
| | | | | |
| SA Single-Manager Composite | 0.95% | 9.26% | 1.06% | 11.75% |
| HedgeNews Africa Single-Manager Composite | 0.91% | 8.83% | 1.14% | 12.91% |