2021 October USD
2021 September USD
2021 September CAD
When you don’t know what you don’t know, blindly following is hazardous. We want to offer a seasonal explanation of this investing proverb: If you haven’t spent your summers (and shoulder weekends) at a cottage in Canada, then you don’t know that lake water gets frigid in October. Since it’s not uncommon to have warm, […]
2021 August USD
2021 August CAD
When it looks easy…. It usually isn’t Dear Partners, For the month of August, the Caravel Capital Fund Ltd was up 1.51%. We are pleased to report that the Caravel Capital Fund Ltd generated its returns across a spectrum of strategies in the month of August. The merger arbitrage, alpha long/short, and warrant arbitrage strategies were […]
2021 July USD
2021 July CAD
Patience is not the ability to wait but the ability to keep a good attitude while waiting. Dear Partners, For the month of July, the Caravel Capital Fund Ltd was up 0.22 %. The number above requires more than just a review of what we did in July. We believe it would be more valuable […]
2021 June USD
2021 June CAD
The stock market can remain irrational longer than you can remain solvent. – John Maynard Keynes Dear Partners, For the month of June, the Caravel Capital Fund Ltd was up 1.54%. The gains this month were generated primarily from our Merger Arbitrage, Warrant, and Capital Structure Arbitrage strategies. The fund suffered losses on a short position in anticipation […]