Insights

Investor Updates

June 2022 Investment Update

June 2022 Investment Update

Dear investors and well-wishers The fund returned -14.5% in May. So far June has been positive. Equities continued to sell-off as CPI came in ahead of expectations. Core inflation was lower, but food and energy components accelerated. There has been some relief in...

May 2022 Investment Update

May 2022 Investment Update

Dear investors, The fund returned -26.5% in April, bringing us to -49% for the calendar year-to-date. In April the tech sell-off intensified, driving many companies to significant new lows. The Dow Jones Industrial Average just recorded its longest losing streak in 98...

April 2022 Investment Update

April 2022 Investment Update

Dear investors and well-wishers, The fund declined 5.6% in March leaving us -31% for the calendar year-to-date and a rolling three-year return of 10% net per annum. I recorded a video update last week and will post this once edited. Please send through any questions...

March 2022 Investment Update

March 2022 Investment Update

Dear investors and well-wishers, The fund declined 2.8% in February taking us to -26.7% for the calendar year-to-date and +13% per annum over the last three years.  Many of our companies are twice the size, half the price, and trade at less than a quarter of the...

February 2022 Investment Update

February 2022 Investment Update

Dear investors and well-wishers, We had our toughest month since COVID -24.6%, leaving us -40% year-on-year, and +16% net per annum over the last three years. Almost half the Nasdaq Composite has dropped...

Venture Fund Update – February 2022

Venture Fund Update – February 2022

Dear investors, We hope you had a safe and restful Christmas and New Year. This letter marks our first investor update since our launch and we want to take the opportunity to thank you for your support for the Fund. During the month of December the fund returned 1.9%...

January 2022 Investment Update

January 2022 Investment Update

Dear investors and well wishers, The fund had a tough December down 12.4%, which also knocked our calendar 2021 number to -12% and net return since inception to 17% per annum. Our two-year return is +83% and our three-year return is +127%. I'll host an update next...