The Laureola (Bermuda Feeder) Fund returned 0.2% for December and 6.0% for the year. The Fund now has a 9-year track record and has returned 15% CAGR and 239% since inception. Returns in December were driven by standard year-end adjustments including a performance fee rebate as the 6% hurdle rate had not been met.
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The fund is 100% non-correlated to equity markets and government policy. The fund has also exhibited the all-important non-correlation with the traditional asset classes: 0.19 with the S&P 500, 0.12 with MSCI EAFE, -0.12 with JP Morgan Global Bonds.
The actions of the Federal Reserve or the RBA will not affect the delivery of these returns to the fund. It really is one of the few alternative defensive assets that will deliver as QE unwinds and interest rates inexorably move up in this new cycle.
More information is available from John Swallow (UK) or Chris Hocking in Sydney:
John Swallow
Director of Investor Relations
Laureola Advisors
john.swallow@laureolaadvisors.com
Chris Hocking
Consultant to Laureola Advisors
0418 603 694
Download Laureola’s white paper (PDF): https://bit.ly/3gw6CDQ