Alternative Absolute Return Fund – Featured
January 7, 2022
The Latest
Alternative Absolute Return – February 2023
HIGHLIGHTS The Fund’s positioning was very defensive to start the month and finished with more market exposure compared to the end of January. However, we remain positioned defensively as spreads are tighter than the historic average, with near-term risks for asset prices skewed to the downside in our view. We added to holdings that are likely to earn better than an 8% holding period return in higher quality high yield, while also adding to our long exposures in six-month treasury bills with excess cash. There still needs to be an appropriate risk and liquidity premium to justify moving out the…
