Alternative Investment Posts

June 2021

 

Dear Interested Parties,

 

We hope all is well. While we ended May down 1% net of fees and expenses, we are up nearly 2% so far to start June despite XLI and XLB down nearly 2%. The loss in May can largely be explained by three long positions (LCY, CCK and BLDR) that were all down 6-8% along with the associated opportunity cost of being long them instead of other stocks, in a month when we didn’t have any material contributors on the short side as the market went up once agai


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