Komfie Manalo, Opalesque Asia:
LJM Partners’ funds,
the LJM Moderately Aggressive (Cayman Islands) and LJM Preservation and Growth Fund
(European onshore) maintained positive growths through February despite another bout
of intense upward movement, Kelly McKean of LJM said.
The LJM Moderately Aggressive (Cayman Islands) was up 1.81%
year-to-date (-1.29% in February) and LJM Preservation and Growth Fund (European onshore) gained 1.30%
YTD (-1.50% in February).
"The S&P 500 gained 4.31% in February to end at a new all-time high. As we know
from LJM’s past performance including 2013, the strategies can profit in up markets,
but will suffer during periods of strong momentum, especially coupled with low
volatility levels," McKean added.
However, looking at the bigger picture, McKean said equity markets are in the midst
of the fourth strongest bull market of all time that began in 2009. With the
exception of 2013, LJM’s Moderately Aggressive and Preservation & Growth strategies
have been profitable each year of the current bull market.
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