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Alternative Market Briefing

The Corona Fighters Report 56: Asset managers who delivered in the downturn

Tuesday, July 14, 2020

amb
Matthias Knab, Opalesque for New Managers:

Bovell Global Macro Fund up over 100% past 12 months

This is our regular report on hedge funds and alternative asset managers who are successfully protecting assets and outperforming the markets during the first months of 2020.

Carcharodon Capital London, Investment Advisor to the Bovell Global Macro Fund, has seen their Fund return 102.23% after fees during the 12 months ending 30 June 2020. Following a return of -2.53% in June and thus ending a 12-month winning streak, the Fund is up 18.08% YTD.

The Fund employs a market-neutral, global macro strategy and executes trades on a wholly discretionary basis across spot FX, equity indices and hard commodities.

The Fund is operated by Nicholas Bovell who has over a decade's experience trading financial markets. Carcharodon Capital London is regulated by the UK FCA.

The Fund's strategy is to forecast and capitalise on moves in financial markets by monitoring macroeconomic data, central bank policy, geopolitical themes and other exogenous risk factors.

The Fund is nimble in its ability to adjust or reverse exposures in the face of new information.

During March the Fund returned 9.57% after fees by employing the time-tested edge of human foresight, Bovell told Opalesque. The bulk of the gains were earned from shorting major equity indices, commodity currencies and crude oil. The Fund started building risk-off positions in February as the virus expanded.

The Bovell Global Macro Fund is almost perfectly uncorrelated to traditional investments such as equities, with a correlation to the MSCI World Index of -0.06.

Bovell believes his Global Macro Fund can provide great diversification benefits to an investor's portfolio. He will be a presenter during Corona Fighters Webinar - Episode 4 on July 21st.

View prior reports: Report 55

Webinar: The Corona Fighters Episode 4

Meet five more asset managers who delivered during the meltdown.

Time: Tuesday, July 21st, 10 am EST
Details and registration: www.opalesque.com/webinar/


New eBook: The Corona Fighters COLLECTION - A Handbook for Investors

200+ funds that were up or protected assets in Q1 2020: A Compendium of Opalesque Corona Fighters Report #1 to Report #52

Download here: www.opalesque.com/ebook.

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Disclaimer: This is not investment advice. Opalesque has not verified this information and gives no warranty of accuracy or completeness. Past performance is not indicative of future results. See our Terms & Conditions for more information.

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WEBINARS:

Meet 15 fund managers and learn how and why their strategies delivered positive returns and/or protected capital during the Corona led market meltdown! Each webinar lasts an hour and features five managers.

"The whole Corona Fighters program has been extremely educational for me and a great opportunity to learn more about hedge funds and compare/contrast their approaches." (Single Family Office Principal)

Video replays of Opalesque's past webinars can be found here: www.opalesque.com/webinar/#pastwebinar

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