Trident Fund LP performance update for the month ended October 30, 2020.
Q3 2020 hedge fund letters, conferences and more
The Trident Fund LP returned -1.0 percent in October, and the fund is +11.9 percent net year to date.
In October, bond and commodity trading successfully mitigated Trident’s “long” equity exposure, resulting in performance aimed at preserving capital.
Trident earned nearly +2.0 percent on its Engle model while losing about -3.0 percent on the risk regime model, which clung to “risk-on” positions. Global bond trading earned +1.0 percent in October, as Trident profited from the steepening yield curve. Moreover, Trident made more than +0.5 percent in energy trading while losing -0.2...
