Hedge Fund Update: Q2 2019
Just a short portfolio update from my stock market hedge fund
I just received the 2nd quarter performance report from my stock market hedge fund. The fund has turned a nice profit of 3.1% (12.44% annualised), but still under-performed the S&P by about 1% (4.36% annualised difference).
That’s not very surprising, since the S&P 500 reached a new all-time high just as June was ending:
Honestly, looking at this chart scares the shit out of me: It looks like a disaster waiting to happen. I just hope that when lightning eventually strikes, the fund won’t crash as hard as the stock market. That’s supposed to be their speciality.
Even now, my overall XIRR since joining the fund surpasses that of the S&P:
So, I’m still a happy (but nervous) investor.