The GA-Courtenay Special Situations Fund returned 1.5% for February, coming up a bit short of the iShares MSCI World ETF's gain of 4.6%. Year to date, the Courtenay fund is up 3%, versus the benchmark ETF's return of 5.4%. Since its inception around October 2019, the Courtenay Special Situations Fund has cumulatively returned 85.4%.
The GA-Courtenay Special Situations fund is described as "a performance-oriented global equity strategy with modest-to-low correlation to the market at large and with low leverage. The fund's investment approach focuses on competitive advantages via a "repeatable deep-dive research process."
Arbitrage and competitive bidding
The special situations fund invests in...
