Global Allocation Fund July 2019 Commentary: How To Profit From Madness In European Sovereign Debt Spreads

Global Allocation Fund commentary for the month ended July 31, 2019. This commentary has been translated from Spanish to English. Q2 hedge fund letters, conference, scoops etc Never cared for what they do, Never cared for what they know, But I know – Metallica – Nothing Else Matters In July we have made some changes and additions to the portfolio, which we will try to explain: In fixed income, we have bought 20% of the assets in the Austrian bond with a coupon of 2.1% and expiration 2117. The price, above 160%, gives us in these almost 100 years just…