South African multi-strategy funds led the way in September, gaining a median 1.12% in a negative month for both domestic equities and bonds.
The HedgeNews Africa South Africa Single-Manager Composite gained 0.79% while the FTSE JSE All Share Index (TRI) retraced by 3.14% and the All Bond Index fell by 2.12%.
In global markets, the MSCI World Index and the MSCI Emerging Markets Index both declined by more than 4% while MSCI Frontiers Markets Africa Index added 1.58%.
Market neutral and quantitative funds put forward the next best showing, with a median gain of 1.07%, while long/short equity funds were flat for the month, delivering a median return of 0.17%, yet now sitting 13.9% higher for the year so far versus a 12.25% gain for the JSE All Share Index.
South African fixed income funds returned a median 0.32% for the month, delivering a wide range of returns as the ALBI lost ground. Copyright. HedgeNews Africa- October 2021.
|South African Medians||SEPT-21||YTD||SEPT-21||YTD|
|Market Neutral & Quantitative Strategies||1.07%||6.72%||1.30%||7.48%|
|Single Manager Multi-Strategy||1.12%||10.82%||1.41%||16.00%|
|Event Driven (credit)||0.82%||5.76%||0.82%||5.76%|
|Pan-Africa / AME||-1.45%||5.61%||-1.07%||11.38%|
|SA Single-Manager Composite||0.79%||10.08%||0.40%||12.13%|
|HedgeNews Africa Single-Manager Composite||0.18%||8.96%||-0.34%||12.42%|