Starvine Capital Corporation commentary for the half year ended June 30, 2022.
Q2 2022 hedge fund letters, conferences and more
Dear Fellow Investor:
For the half year ended June 30, fully invested accounts in the Starvine Flagship Strategy decreased 26.5% to 27.4%, while fully invested accounts in the Mid-Large Cap Strategy decreased 25.1%% to 25.6%. During the six-month period, the S&P 500 Total Return Index decreased 18.6% in Canadian dollars (-20% in USD)[1] and the S&P TSX Total Return Index decreased 9.9%. The U.S. dollar strengthened by 1.3% relative to the Canadian dollar over the first half, providing a benefit given the significant presence of U.S. listed equities in each strategy.
[1] The benchmarks cited by...
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