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Hedge Fund
Patience & Fragility: March 2022 Newsletter
March 2022 - Hedge Fund
PERFORMANCE – Serenity Alternative Investments Fund I returned +2.36% in March net of fees and expenses and has returned -5.3% in 2022. The FTSE NAREIT All Equity REITs index returned +7.06% in February and has returned -5.3% for the year.TIME TO BUY REITS? – REITs were up big in March. Is it time to go all-in?BOND YIELD OMENS – BAA rates have increased REIT debt costs by roughly 100bps in 6 months. What does this mean for the average REIT?PATIENT SPECULATION – Pocket