Arnott Capital – December Performance Update

Arnott Capital commentary for the month of December ended December 31, 2022. The fund returned positive 2.21% for the month of December 2022. Net exposure averaged 29% long, while gross averaged 141%. This brings our calendar year return to positive 1.75% and since inception return to positive 22.18% p.a. net of fees. Q4 2022 hedge fund letters, conferences and more Over December, global equity markets (measured by the MSCI Index) bucked the typical trend of delivering a ‘Santa Claus’ rally but instead declined by 4.34% over the month. This takes the total year end decline for global equity markets to…