The Laurium Limpopo Fund was up 2.1% for the third quarter. The African long-only fund underperformed its benchmarks during the third quarter. The MSCI Africa ex-South Africa Index and the S&P All Africa ex-South Africa Capped Index each returned an average of about 5.7%.
Q3 2020 hedge fund letters, conferences and more
Weak flows to African markets
The Laurium Limpopo Fund was co-founded by Murray Winckler and Gavin Vorwerg, who serve as portfolio managers. They see Africa as "the continent of opportunity" and believe there is a growing potential in the African markets. They combine "on-the-ground research" with their local market knowledge when looking for investment opportunities.
On a year-to-date basis,...
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