Global Return Asset Management July 2019 Commentary: Trade War Will Have Zero Impact On This Company

Global Return Asset Management commentary for the month ended July 31, 2019. Q2 hedge fund letters, conference, scoops etc Dear Friends and Partners, In July we generated a net return of 1.3%, bringing our year-to-date net return to 28.5%.1 We ended the month with 26% of assets in Cash and a net market exposure of negative 27%. Expanded Commentary on Risk Global Return has a differentiated view of Risk, which is demonstrated in our risk-adjusted returns. Last month I provided commentary on how our risk management process minimizes our portfolio’s exposure to broad market systemic risks, such-as trade wars, corporate…