Trident Fund LP performance update for the month ended August 31, 2023.
Q2 2023 hedge fund letters, conferences and more
The Trident Fund LP GM, GME, and GME4 share classes returned -3.1, -5.0, and -14.4 percent, respectively, in August, and the fund is -1.8, -3.6, and -13.8 percent net for 2023. Please click here for the GM, GME, and GME4 tearsheets.
On the same day Fed Chairman Jerome Powell said the Fed would consider further interest rate hikes, CNBC interviewed Atlanta Fed President Raphael Bostic, who contradicted Powell, saying the Fed was done raising rates for this cycle.
Such inconsistent Fed guidance was difficult for Trident in...
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