Fixed income strongest category in May

South African hedge funds had a good month, with the HedgeNews Africa South African Single-Manager Composite adding 1.15% to reflect a year-to-date gain of 4.31%.

By comparison the FTSE/JSE All Share Index added 0.96% and the All Bond Index rose 0.75% while the MSCI World Index gained 4.23% and MSCI Emerging Markets Index added 0.29%.

South African fixed income hedge funds were the strongest category, adding a median 2.25% in May, while long/short equity funds added a median 1.12%.

Single-manager multi-strategy funds gained 1.07% in May, while market neutral and quantitative funds delivered a median return of 0.57%.

Amongst pan-Africa funds, the HedgeNews Africa pan African median was 5.32% higher for the month.

Copyright. HedgeNews Africa – July 2024.