Arnott Capital – July Performance Update

Arnott Capital commentary for the month of May ended July 31, 2023.

The fund returned positive 1.12% for the month of July 2023. Net exposure averaged 40% long, while gross averaged 94%. This brings our calendar year return to positive 0.82% and since inception return to positive 20.88% p.a. net of fees.

Q2 2023 hedge fund letters, conferences and more

Through July, risk assets continued to be buoyed by continued resilience in the global consumer, tight labour markets and the knock-on effects of extremely loose fiscal policy in the United States as the trend of near shoring gathers increased momentum. This confluence of factors in addition to the wealth effect...