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From Sagar Chakraverty, Opalesque Asia:
South Africa Alpha Capital Management (SAACM), a Cayman-incorporated, segregated portfolio company, saw an overall mixed return for the month of January. While the long/short equity portfolios were up in the positive territory, the market neutral funds were mostly down for January.
SAACM offers dollar-based access to a range of hedge funds investing predominantly in South Africa through a platform.
The Eurekahedge Emerging Markets Hedge Fund Index was down 0.94% in January. Meanwhile, the MSCI Emerging + Frontier Markets (EFM) Africa Index is down 5.28%YTD, while the MSCI EFM Africa ex-SA index is up 10.29%YTD.
January 2010 returns
- Long/Short equity strategy category
The absolute return 36ONE Offshore Portfolio was up 0.62%. And the other two portfolios, the Larium Capital Offshore Portfolio (mainly Sub Saharan African equities) and Tantalum MNC Offshore Portfolio (L/S directional) both climbed a mere 0.3% for the month.
- Market neutral strategy group
The Mazi Visio Market Neutral Offshore Portfolio was up 3.54% (see the most recent Opalesque video interview with Patrice Moyal, CEO of Visio Capital, here).
The Big Rock Capital fund also managed to stay positive, up 0.84%. It invests in stocks L/S based on fundamentals which may span intra-sector as well as cross-sector opportunities.
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