Arnott Capital commentary for the month of May ended August 31, 2023.
The fund returned a positive 1.03% for the month of August 2023. Net exposure averaged 40% long, while gross averaged 102%. This brings our calendar year return to positive 1.86% and since inception return to positive 20.81% p.a. net of fees.
Q2 2023 hedge fund letters, conferences and more
Key positive contributors to fund performance was our long thematic position in Uranium, a long position in UBS Group AG and short positions in Korean electric vehicle (no capital letters required for EV) supply chain names. Key detractors from fund performance consisted of all long themes, falling...
