Not all accidents on the financial markets are avoidable. There were situations in the last quarter that tested our resilience. But once again, by diversifying the overall portfolio well and focusing on arbitrage opportunities day-in and day-out, we were able to post results that are, at the very least, acceptable.
Even though the period was marked by an unusual combination of upward trends, on both the equity and bond markets, and by a remarkable about-face by the U.S. Federal Reserve (the Fed), the Amethyst Fund performed well at the start of the year. The Fund’s three segments were able to seize opportunities and deliver attractive […]