2018 April CAD
Dear Partners, The Caravel Funds continued to carry a large cash position through the month of April in spite of our efforts to find new opportunities. A big reason for this is the perception of risk in the market. As market sentiment ebbs between fear and greed the rate of return on stocks change. When […]
2018 March CAD
Dear Partners, March was a constant bombardment of nonsense from the Commander and chief of the largest economy in the world. We often highlight the fund seeks to be market neutral in our approach however a lot of this risk is virtually impossible to hedge. In our Arbitrage book, we took the initiative to sell […]
2018 February CAD
Dear Partners, The indices above underscore just how well the Caravel Capital Fund Ltd performed during the month of February. As mentioned in our January letter, we were well positioned to profit from the drop in the markets over the past 40 days. When the opportunity to unwind our bearish and contrarian strategies arose, we […]
2018 January CAD
Dear Partners, In light of the volatile markets, we respectfully provide you a monthly Partners letter in point form. We started to write a cohesive and informative overview for January, however the global markets have completely changed the narrative. So in the interest of relieving possible anxiety regarding your investment in the Caravel funds, we […]