This U.K. Fund Identified A Pair Of Potential Anti-Momentum Short Candidates

Kernow Asset Management returned 1.2% for February following a blockbuster 6.8% return for January, bringing its year-to-date return to 8% for 2023. The Barclays Equity Long-Short Index is up 1.2% for the first two months of the year. Since its inception in November 2019, Kernow is up 45.8%, compared to the prevailing U.K. equity market Comparator, which is up 20% over the same timeframe. “Dash For Trash” In their February letter to investors, which was obtained by ValueWalk, the Kernow team said February started with “two days of deja-vu.” Dovish commentary from the Federal Reserve depressed the risk premium of…