Hedge funds edge higher in March

South African hedge funds edged forward in March, adding a median 0.44% for the month, while domestic equities rose and bonds retraced.

The HedgeNews Africa South Africa Single-Manager Composite is now 1.69% higher for first quarter.

Long/short equity funds were the strongest category in March, adding a median 0.66%, while multi-strategy funds rose a median 0.51%.

Fixed income funds turned in a slightly negative median of -0.48% for the month, while market neutral and quantitative funds were flat. Copyright. HedgeNews Africa – April 2024.