April monthly reports published
April continued to deliver strong macro data, earnings reports and subdued interest rates. The french election went as expected and volatility has decreased during the month. Hence, the bubble keep blowing up.
Excalibur and Trude both had slightly negative returns, -0,24% and -0,12% respectively, as they are positioned for higher interest rates. Trude also had positive return from the credit positions but lost some on volatility hedges.
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