Performance

Latin America continues to add value

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Latin American funds of funds had a good year in 2010 and continued beat the InvestHedge funds of funds average as a group on confirmed data through the end of November.

Erste Bank’s Maximum Latin America was up 11.63% to end of November, while the M Square Latin America Fund finished the year up 6.11%. In 2009, the latter fund was up nearly 60%.

The MSquare Latin America Fund, which currently invests in eight managers, garnered much of its 2010 returns from the long biased allocations, currently 43% of the portfolio, to the regions returning more than 20%, when