2020 December CAD
Plan your Work, then Work your Plan Dear Partners, For the month of December the Caravel Capital Fund Ltd was up 3.15% After a year unlike any we have previously experienced, stating what is known will serve us well before providing any prognostication. From the knowns, we find our go forward plan for 2021. The […]
2020 November USD
2020 November CAD
2020 Down 34% then Up 64% …No Thanks! Dear Partners, For the month of November the Caravel Capital Fund Ltd was up 2.04%. Equity markets around the world initiated a rally on November 2nd, the likes of which we have never seen. When things played out as the polls, pundits, and prognosticators forecasted with a […]
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 […]