Kernow Asset Management – March Performance Update

Kernow Asset Management’s performance update for the month ended March 31, 2023. Q1 2023 hedge fund letters, conferences and more In March, strategy returns declined 9.5% as global markets reeled from US banking failures. Buy the area of fear – experience tells us this is what you should do in this situation. March experienced a loss of trust in institutions, leading to US banking failures, which spread internationally. As a result, the UK IPO window, which had begun to open, slammed shut. Many companies looking to list will have to wait. Historically, similar contagion outbreaks have tended to reverse within no more than 6-18 months. This is…