The HedgeNews Africa Single Manager Composite added a median 0.9% in January with mixed markets contributing to a wide range of returns.
The FTSE/JSE All Share Index declined by 2.93% for the month and South Africa’s All Bond Index added 0.53%. By comparison, the MSCI World Index added 1.14% in January while the MSCI Emerging Markets Index lost 4.68%.
South African long/short equity funds were the strongest category for the month, adding a median 1.33%, while fixed income strategies added a median 1.26%.
Market neutral and quantitative funds added a median 1.04%, while multi-strategy funds edged a median 0.24% higher for the month. Copyright. HedgeNews Africa – February 2024.