Funds regain lost ground

South African hedge funds had a strong June after a tough May, adding a median 1.6% for the month to sit 3.26% higher on the year.

Fixed income hedge funds were the best performing category in June, rising 2.46% to reflect a gain of 4.3% so far in 2023.

Multi-strategy funds were the next best performers, adding a median 2.05% for the month to sit 2.95% higher on the year.

Long/short equity funds added a median 1.6% to sit 3.34% higher for the first half.

Market neutral and quantitative funds rose a median 0.82% in June and are now ahead by 3.13% so far in 2023.

Africa funds had a good month, with the HedgeNews Africa pan Africa median adding 1.79% to sit 1.77% higher on the year. Copyright. HedgeNews Africa – July 2023.