After Brutal August, Sturgeon Capital Recovers Modestly In September Amid Wait For “Long” Overdue Rebalancing For Central Asia

Sturgeon Capital began to bounce back in September as investors started to become a little less anxious and the aggressive selling began to slow. Although the markets finally stabilized, they haven't rebounded significantly, the $18.5 million Central Asia fund said in its September update. The hedge fund's management sees the U.S. dollar as being "the key variable" in the recent market activity.
Sturgeon Capital gained 1.1% in September
After a steep 9.15% decline in August, Sturgeon Capital was up 1.1% in September. Like with many U.S.-focused hedge funds, the Asia-focused fund has had a rocky year. Sturgeon was in the red in all but four months of this year. By April, all the gains the fund captured in January had been erased, and then some.

In their September update, Sturgeon management explained why and how the U.S. dollar is driving some parts of the market now. They see several tailwinds pushing the currency along. For example, the U.S. has the highest interest rates and the strongest economy "among the most liquid currencies."


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Saved Articles

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up today and get three months free

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 10/31/2019 or after next 25 20 subscribers take advantage whichever comes first – please do not share this discount with others