Hedge funds limit September losses

Markets endured a stormy September, with the HedgeNews Africa South Africa Single Manager Composite dipping a median -0.49% while the JSE All Share Index fell -4.13% and South Africa’s All Bond Index lost -2.11%.

South African hedge funds are now up a median 3.89% for the year so far while the JSE has lost 10% and the ALBI is 1.38% lower. 

The broader HedgeNews Africa Single Manager Composite, which includes pan African mandates, declined by -0.97% for the month to sit 1.14% higher for the year so far.

South African market neutral and quantitative funds were the strongest category, with a median gain of 0.6% in September.

Fixed income funds brought in widely divergent returns, coming in a median -0.62% lower in September. 

Long/short equity funds dipped a median -0.73%, while multi-strategy funds declined by a median -1.47%.

African funds were broadly negative in September, with the HedgeNews Africa pan African median losing -4.22% as the MSCI Frontier Markets Africa Index declined by -7.04%. Copyright. HedgeNews Africa – October 2022.