2020 October USD
2020 October CAD
Horseshoes and Hand Grenades Dear Partners, For the month of October, the Caravel Capital Fund Ltd was up 0.57%. During October’s 31 days, the Standard and Poors 500 index rose by 5.1%, then fell by more than -7.5% to end the month down almost -3%. The SPTSX index rose 2.76% initially, only to finish with […]
2020 September USD
2020 September CAD
Uphill Both Ways Dear Partners, For the month of September the Caravel Capital Fund Ltd was up 1.10%. The Fund continued to generate positive returns from its diverse investment strategies. The biggest contributor to profit in September was the closing of a distressed debt restructuring. We were able to cover our short position in the […]
2020 August USD
2020 August CAD
Finding Alpha Dear Partners, For the month of August the Caravel Capital Fund Ltd was up 3.13%. Within investment circles, you hear the word alpha mentioned a lot. Alpha measures the return that an investment portfolio generates above or below an index or other broad benchmarks. However, just as important as alpha to a portfolio’s […]
2020 July USD
2020 July CAD
Sometimes, Boring is Good Dear Partners, For the month of July, the Caravel Capital Fund Ltd was up 1.26%. This month saw flat to positive contributions from each of the fund’s constituent strategies. Unfortunately, as we have found opportunities to compliment the portfolio, we have also found ourselves unwinding, hedging, or disposing of investments that […]
2020 June CAD
Dear Partners, For the month of June the Caravel Capital Fund Ltd returned 2.25%. We are pleased with the fund’s performance for the first half of 2020. We managed to materially avoid the impact of a 30% drop in equity markets, and now have positive returns for the year to date. For the month of […]