Trident Fund LP April 2023 Performance Update

Trident Fund LP performance update for the month ended April 30, 2023. Q1 2023 hedge fund letters, conferences and more The Trident Fund LP GM, GME, and GME4 share classes returned +0.1, 0.0, and -0.5 percent, respectively, in April, and the fund is -3.8, -6.0, and -16.7 percent net for 2023. Please click here for the GM, GME, and GME4 tearsheets. Conflicting factors, including inflation, Fed policy, the banking crisis, and the debt limit showdown, contributed to Trident’s breakeven performance in April. Leading market contributors were: Sugar and the S&P 500. Among fixed-income markets, the best performance came from the 30-year Treasury bond. Overall, Trident’s Risk…