This African hedge fund is outperforming its benchmarkMichelle Jones
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.