Trident Fund LP performance update for the month ended September 30, 2022.
Q3 2022 hedge fund letters, conferences and more
The Trident Fund LP returned 2.4 percent in September, and the fund is +3.9 percent net for 2022.
When the British Parliament cut taxes amidst rampant inflation, markets lost confidence, causing UK interest rates to soar, and Trident profited handsomely. Most of the month’s profits came from short positions in the 3-month Sonia futures contract, which is tied to overnight financing costs in the UK.

Other strong performers were long dollar positions and short oil trades. Rising global interest rates also caused...


