Arnott Capital – September Performance Update

Arnott Capital commentary for the month of September ended September 30, 2022. The fund returned negative 1.79% for the month of September 2022. Net exposure averaged 29% long, while gross averaged 107%. This brings our Calendar Year Return to positive 3.06% and since inception return to positive 23.00% p.a. net of fees. Q3 2022 hedge fund letters, conferences and more Our base case is that risk assets remain challenged as valuations continue to compress. Economic growth continues to decline, as liquidity is withdrawn from the system. The premise of ‘Modern Monetary Theory’ is destroyed by market vigilantes, creating challenges for Governments…