Crescat Capital August Letter – Shift out of large & LT underperforming hedge funds has created an unsustainable and unhealthy market melt-up situation

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Crescat Capital August Letter – Shift out of large & LT underperforming hedge funds has created an unsustainable and unhealthy market melt-up situation

Crescat Capital commentary for the month ended August 31, 2016.

In the current environment of negative real interest rates, investors will need to take risk, not only to build wealth, but just to preserve capital by staying ahead of inflation. Taking risk means enduring short downturns and reasonable volatility in the pursuit of prudent long-term gains.

Taking calculated risks is what Crescat Capital does well. We follow an investment discipline that my team and I have honed over the last seventeen years of managing discretionary money. In the process, we have developed a single, firm-wide investment process of combining macro themes with our fundamental equity model and disciplined risk controls that applies to three unique Crescat strategies. All three strategies have beat both the market and the vast majority of money managers substantially over time net of our fees. Crescat’s long-term clients have done very well and we appreciate the trust they’ve placed in us.

Bonhoeffer Fund July 2022 Performance Update

Screenshot 27Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%.   Bonhoeffer Fund, LP, is a value-oriented private investment partnership for . . . SORRY! This content is exclusively for Read More