HedgeNews Africa South Africa Single Manager Composite added a median 2.32% in July as the FTSE/JSE All Share Index gained 3.92% and South Africa’s All Bond Index rose 4.02%.
Elsewhere in the markets, the MSCI World Index gained 1.70%, the MSCI Emerging Markets Index declined by -0.14% and the MSCI Frontier Markets Africa index added 3.77%.
Single-manager multi-strategy funds led the way for the month, gaining a median 2.96%, while long/short equity funds added a median 2.76%.
Fixed income hedge funds were a median 1.07% higher in July, while market neutral and quantitative funds added 1.31%.
Meanwhile South African fund of hedge funds had a positive month, adding a median 1.83% for the month to sit almost 10% higher for the year so far. Copyright. HedgeNews Africa – September 2024.