Global Return Asset Management's commentary on market selloff for the month of February 2020.
Q4 2019 hedge fund letters, conferences and more
Dear Friends and Partners,
I’m happy to report that despite yesterday's selloff, our portfolio outperformed all major market indexes.
Even when removing the positive contribution from our hedges and cash balance, leaving only the equities portion of our portfolio, we still outperformed major market indexes.
Yes, our portfolio declined, but not with the same magnitude, and we even took the opportunity to add to an existing position.
The market’s selloff is due to fears that the coronavirus will have a greater than...
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