Trident Fund LP performance update for the month ended September 30, 2023.
The Trident Fund LP GM, GME, and GME4 share classes returned -6.8, -10.3, and -28.0 percent, respectively, in September, and the fund is -8.4, -13.6, and -37.9 percent net for 2023. Please click here for the GM, GME, and GME4 tearsheets.
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The "higher for longer" Fed stance caught the Trident Fed model completely off guard. Our variables were aggressively pointing towards "lower, sooner." When the two did not match, Trident trading in stock indices and interest rate futures suffered losses.
Commodity and currency trading performed well but needed more to overcome difficulty in the other asset classes. As a result, the Risk...
