March 2018 | Quarterly Report

Snapshot The Fund posted a net return of 2.7%1   over the March quarter. This positive result, when most markets (and our positions) fell decidedly in local currency terms2   , illustrates why we embrace currency ‘exposure’. Our dear friend ‘volatility’ is back… but only to more conventional levels. Although [...]

By | 2018-07-05T14:57:18+11:00 April 2018|Reports|0 Comments