South African long/short equity funds maintained their lead in July, adding a median 1.67% as the broader HedgeNews Africa Single Manager Composite gained 1.44%.
By comparison, the FTSE/JSE All Share Index gained 2.27% for the month and South Africa’s All Bond Index rose 2.73%. The MSCI All World Index added 1.23% and the MSCI Emerging Markets Index gained 1.67% while the MSCI Frontier Markets Africa Index rose 4.22%.
Fixed income funds added a median 1.34% in July, while single-manager multi-strategy funds rose 1.29% for the month and market neutral and quantitative funds put on a median 0.86%.
Pan African funds continued their year-to-date advance, adding a median 8.2%, with both equities and fixed income funds up strongly for the year so far.
South African fund of hedge funds delivered a median 1.2% in July, to close out the first seven months ahead by 6.18%, with portable alpha funds keeping pace with the JSE’s double-digit gains for the year so far.
Copyright. HedgeNews Africa – September 2025.