Arnott Capital – March Performance Update

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

The fund returned negative 0.12% for the month of March 2023. Net exposure averaged 39% long, while gross averaged 96%. This brings our calendar year return to negative 2.83% and since inception return to positive 21.20% p.a. net of fees.

Q1 2023 hedge fund letters, conferences and more

In March, we saw a second mini crisis brought about by rapidly rising interest rates, this time it was the failure of multiple US regional banks and the take under of Credit Suisse by UBS AG, orchestrated by the Swiss National Bank. The reaction function of central banks, was again,...