This African hedge fund is outperforming its benchmark

The Laurium Limpopo Africa Fund was up 4.52% for May, although the gain still wasn't enough to undo the damage that was done in February and especially March. The fund was down 5.84% for February and 21.24% for March. For the first five months of the year, Laurium Limpopo is down 19.5%. which is slightly better than its benchmark, the MSCRI Africa excluding South Africa Index. The index is down 20.75% for the year and was up 3.84% for May.

Q1 2020 hedge fund letters, conferences and more

African markets rise in May

In the fund's May letter to investors, which was reviewed by ValueWalk, management said markets in Africa...