The Laurium Limpopo Fund gained 10.4% in the second quarter but is down 18.3% for the first half of the year after a turbulent first quarter. Those numbers are roughly in line with the market as African markets rebounded in the second quarter similarly to how emerging and frontier markets rebounded.
Q2 2020 hedge fund letters, conferences and more
COVID-19 effects in Africa
In their second-quarter letter to investors, which was reviewed by ValueWalk, the Laurium Capital team said the divergence that's playing out in developed economies between the roaring stock market and the average "man on the street" isn't playing out in Africa. African markets haven't been racing along...
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