African Markets Bounce Back In January, Only To Reverse The Next 2 Months: Laurium Q1 Letter

The Laurium Limpopo African Equity Fund was up 1.02% for the first quarter, including returns of 3.85%, 1.4% and -3.91% for January, February and March, respectively. Q1 2021 hedge fund letters, conferences and more Dollar expected to weaken, but it didn’t In their first-quarter letter to investors, which was reviewed by ValueWalk, the Laurium team said the strength in emerging and frontier markets during January was mostly due to expectations of weakness in the U.S. dollar. Market watchers expected the dollar to weaken due to the high levels of monetary expansion in developed markets. However, the dollar strengthened on the…