South Africa’s top-performing equity fund has reaped the benefit of a wager that battered stocks, particularly in the energy sector, would flourish as economies rebounded from the worst of the pandemic. Blue Quadrant Capital Management’s Worldwide Flexible Prescient Fund has returned 125% this year, the most of any South African fund of at least 100 million rand ($6.5 million), and more than double its nearest rival. Additions made while Covid-19 ravaged markets in the first quarter of 2020 have proved key, said Leandro Gastaldi, who runs the R120-million portfolio.
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