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Laurium Capital launches Irish UCITS Africa bond fund
South Africa hedge fund managers Laurium Capital has launched its first Irish-domiciled UCITS fund, the Laurium Africa USD Bond Fund, on the Prescient Global Funds ICAV platform.
The fund seeks to generate long term capital growth with low volatility and low correlation to equity markets by primarily investing in African (ex-South Africa) sovereign USD debt.
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Its reference benchmark is The Standard Bank Africa Sovereign Eurobond (excl. South Africa) Total Return Index.
African Eurobonds currently provide access to a liquid asset class which is offering some of the most attractive USD yields globally."

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