Trident Fund LP's performance update for the month ended June 30, 2021.
Q2 2021 hedge fund letters, conferences and more
Trident Fund Performance Update
The Trident Fund LP returned -0.1 percent in June, and the fund is +3.7 percent net for 2021.
Despite a sharp Fed about-face that shocked global markets, Trident was nimble enough to manage the volatility and preserve capital. At the start of June, markets expected the Fed to stay the course of the easy policy, but that scenario abruptly ended when Fed minutes showed two rate rises in 2023, a year earlier than predicted.
In response, stocks swooned, bonds rallied, commodities dropped and the dollar strengthened, all in exact...
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