The Fund returned -8.0% for the month of October vs -5.6% for the benchmark. Whilst the downturn continued for a second consecutive month, the benefit of updating clients in the middle of the following month is that so far it appears November may be the precipice of a reversal. But we won’t count our chickens until they’ve hatched …
Key holding and trade figures for the month were as follows:
- Traded a total of $10,676,471.38;
- Completed 158 trades;
- Sold 16 companies;
- Acquired 12 new companies;
taking the total number of companies as at the end of September to 28 holdings.
In this months newsletter, we reflect on how unquestionably the world’s most successful quant manager, Renaissance Technologies, has pioneered systematic investing that exploits market volatility.
- Read the October Newsletter
As always, should you have any queries or questions please do not hesitate to contact us,
Nick & Jesse
Co-Portfolio Managers
+61 422 040 119
www.spatiumcapital.com