2018 January USD

2019 August USD

2019 July USD

2019 June USD

2019 May USD

2019 April USD

2019 March USD

2019 February USD

2019 January USD

2019 October CAD

Dear Partners, For the Month of October, the Caravel Capital Fund Ltd generated a -1.45% return. The negative performance in October was primarily attributable to the portfolio’s Merger Arbitrage allocation. This strategy has been a core contributor to Caravel’s low volatility returns since inception. What we encountered in October is not typical for merger arbitrage. […]