The HedgeNews Africa South Africa Single Manager Composite added a median 1.19% in August as global markets lost ground, with the FTSE/JSE All Share Index declining by -4.77% and South Africa’s All Bond Index dipping -0.23%.
By comparison the MSCI World Index lost -2.55% and the MSCI Emerging Markets Index fell -6.36%.
Market neutral and quantitative funds were the strongest category, adding a median 1.68% for the month, while multi-strategy funds gained 1.53%.
Long/short equity funds added 1.01% in August while the fixed income category rose a median 0.91%. Copyright. HedgeNews Africa – September 2023.