The Mission Crest Macro fund declined -0.6% in the month of May compared to a return of 0.89% for the HFRX Macro CTA Index benchmark. According to a copy of the fund's May investor update, which Hedge Fund Alpha has been able to review, the Mission Crest fund is down -5.4% year-to-date, compared to a decline of -0.29% for its benchmark.
Since its inception in March 2019, the fund has produced a total return of 9.03%, compared to 3.02% for its benchmark. Volatility since inception is 6.57% compared to 4.89% for the benchmark, and the Sharpe ratio was 1.11...