Global Return Asset Management update for the month of March 2019, providing comments on cash. Q1 hedge fund letters, conference, scoops etc Dear Friends and Partners, In March we generated a net return of 1.4%.1 We ended the month with 18% of assets in cash and had a net market exposure of -32%. Year-to-date we’ve gained 19.3%, net.1 Comments on Cash In Q4 2018, our cash balance was the lowest it’s been in four years. In December we were fully invested and had no cash. (Our current cash balance is from continued inflows and the reduction of several holdings.) Some…
Global Return Asset Management March 2019 Commentary: Thoughts On Cash
Jacob Wolinsky is the founder of HedgeFundAlpha (formerly ValueWalk Premium), a popular value investing and hedge fund focused intelligence service. Prior to founding the company, Jacob worked as an equity analyst focused on small caps. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com FD: I do not purchase any equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds.