March monthly reports published
During March macro data continued to show good strength on all continents but markets ended with relatively small changes. Equity markets went sideways, whereas interest rates rose in the first half of the month, up until FED delivered a 25 bp hike in the FED Funds rate, and then fell back down again in the second half of the month.
Our two funds both delivered a positive return. Excalibur managed to monetarize from the rise in yields, and then reallocated risks, to end the month at +0,47 percent. Trude continues to be sceptic to the prevailing strenth in the equity and credit markets, and managed to delivered a return of 0,31 percent in March.
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