Global Return Asset Management commentary for the month ended May 31, 2019. Q1 hedge fund letters, conference, scoops etc Dear Friends and Partners, In May, our portfolio declined 2.1%, net.1 We ended the month with 31% of assets in cash and had a net market exposure of 41%. Year-to-date, our portfolio has gained 19.2%, net.1 As always, I encourage you to grade our results on a long-term basis; there are three reasons for this. First, we’re long-term investors and therefore, shouldn’t be distracted by the results of one month or one quarter. For most people, this is easier said than…
Global Return Asset Management May 2019 Commentary
Jacob Wolinsky is the founder of HedgeFundAlpha (formerly ValueWalk Premium), a popular value investing and hedge fund focused intelligence service. Prior to founding the company, Jacob worked as an equity analyst focused on small caps. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com FD: I do not purchase any equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds.