Portfolio International September 1998

      Magnum's South Africa Omni Fund was the best performing dollar-denominated fund globally for the six months to end June 1998, returning 197 per cent, according to Lipper Analytical Services, which researched more than 18,000 funds. It is a single manger hedge fund.

      Three other Magnum funds, the Magnum International Liquidity Fund; Magnum New Markets Fund and Magnum Technology Fund, were also in the top 10.

      The fund was launched in January this year and focuses on South African growth companies.