The M Square Latin America Fund is one of the top-performing funds in the InvestHedge Emerging Markets index. The fund, run by M Square Advisors, is up 6.23% net of fees and 41% for the year to date.
Long-bias strategies made up 29% of the portfolio and 2.45% of the July performance; while long/short equities, only 14% of the portfolio, contributed 1.47% of the monthly performance. Multi-strategy, which makes up 31% of the total portfolio, produced 2.12% of the returns.
The Ibovespa and MSCI LatAm indices were up 10.9% and 8.7%, respectively, and the Brazilian real continued to strengthen