Few long/short emerging market equity specialists have
performed better in the highly volatile conditions in emerging
equity markets this year than Sagil Capital, the London-based
Latin America-focused firm run by a former prop trading team
from South Africa’s Rand Merchant Bank.
The Sagil Latin America Opportunities Fund – a $50
million strategy managed by Adrian Landgrebe and Bradford Jones
– is up by some 16.5% to the end of October against a
fall of 8% in Brazil’s Bovespa index, the most
relevant regional equity benchmark, in US dollar terms.
Since inception in July 2009 the fund has gained almost 30%,
against a 6% rise in the Brazil index over the same duration,
while the performance since the start of 2010 is even more
striking – returning 12% during a time when the
Bovespa has fallen by 28.5% on a US dollar basis.
The fund’s annualised volatility since...