Trident Fund LP performance update for the month ended May 31, 2023.
Q1 2023 hedge fund letters, conferences and more
The Trident Fund LP GM, GME, and GME4 share classes returned +0.4, +0.5, and +0.9 percent, respectively, in May, and the fund is -3.4, -5.5, and -16.0 percent net for 2023. Please click here for the GM, GME, and GME4 tearsheets.
While commodity markets ignored the political wrangling over the debt limit, bond markets reacted randomly to every headline. As a result, Trident earned more than 3.5 percent (GM equivalent) in commodities in May while losing nearly the exact amount in U.S. fixed income.
