Kernow Asset Management – March Performance Update

Kernow Asset Management's performance update for the month ended March 31, 2023.

Q1 2023 hedge fund letters, conferences and more

In March, strategy returns declined 9.5% as global markets reeled from US banking failures.

Buy the area of fear - experience tells us this is what you should do in this situation. March experienced a loss of trust in institutions, leading to US banking failures, which spread internationally. As a result, the UK IPO window, which had begun to open, slammed shut. Many companies looking to list will have to wait. Historically, similar contagion outbreaks have tended to reverse within no...