Alphyn Capital was down 2.7% for the second quarter, bringing its year-to-date return to 4.2%. The S&P 500 Total Return Index gained 4.3% for the second quarter and is up 15.3% year to date. Over the last year, Alphyn has gained 16.3%.
Changes underway
In his second-quarter letter to investors, Samer Hakoura said the portfolio's returns have not met his expectations. As such, he did a deep dive into the past decisions made at Alphyn Capital and found that risk and portfolio management were to blame for "a large part of the issue."
Hakoura emphasized that the changes he...
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