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“Persistent Price Reversals” Hurt This Macro Fund In May [Exclusive]

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Rupert Hargreaves
Published on
Updated on
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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...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway.Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK.Rupert covers everything value investing for Hedge Fund Alpha