Deer Park Road's STS Master Fund Returned 1.49% net of fees in the month of April. Following this performance, for the year to the end of April, the flagship investment fund returned 13.7% according to a copy of the fund's letter latest investor tear sheet, which ValueWalk has been able to review.
Q2 2020 hedge fund letters, conferences and more
The fund was able to capitalize on market volatility in February and March thanks to its dynamic hedging program. During these two months alone, the STS master fund returned 4.9% and 4.6%, respectively net of fees.
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