Global Return Asset Management performance review for the month ended April 30, 2019.
Q1 hedge fund letters, conference, scoops etc
Dear Friends and Partners,
In April we generated a net return of 2.04%. We ended the month with 24% of assets in cash and had a net market exposure of -42%.
Year-to-date our portfolio has gained 21.8%, net.
Mid-Month Update
As I write this note (Monday, May 13th), global markets are under significant pressure from the trade war between the U.S. and China. For example, the S&P 500 and the Dow are poised for their worst May performance in nearly 50 years. Conversely, Global Return's performance month-to-date reflects a portfolio that's...
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