Trident Fund LP performance update for the month ended February 2021.
Q4 2020 hedge fund letters, conferences and more
Trident Fund LP Performance
The Trident Fund LP returned 6.1 percent in February, and the fund is -0.5 percent net for 2021.
In February, Trident profited from rising interest rates and commodity prices to regain losses sustained in January. Fixed-income trading rebounded to account for portfolio profits of +4.7 percent gross while commodities contributed +3.7 percent gross return for the month. Equity trading was flat, while currency trading suffered from a swift reversal into the dollar that cost the portfolio -1.6 percent.
Regarding the Trident models, the Engel model earned +7.5 percent....


