MONTHLY UPDATE CORECTED VERSION
As poyayan pointed out the profit for the incubator fund was $2,824 not 3824
MONTHLY UPDATE JUNE 30 REVIEW
⢠Personal account values: as of June 30 close was $728,489
⢠Incubator hedge fund: values as of June 30 close was $111,824.
⢠End of Quarter ; June marked the end of the second quarter, as I said in my post at the end of March, I am little focused on monthly returns, while quarterly return are somewhat more important.
The first quarter return was 13.5%, the second quarter the return was around 13%. While the second quarter preformance was slightly lower then the first, it was much stronger when compared to the S&P 500. The S&P 500 was essentially flat for the quarter, so having earned 13% was quite an accomplishment.
Also it seems that incubator fund performance is starting to mirror the performance of the personal account I would expect the same going forward.
June was split in 2 parts, before June 16 almost every asset class fall besides treasuries and MBS (stocks, precious mettles, lower rated bonds, emerging markets, preferred shares, oil) while volatility had a sharp spike. Volatility has Peaked on the 16th (see my post of June 16th regarding VXX) and almost everything rebounded. Precious metals were the only one left out which is rebounding now.
⢠Going forward; I am continuing the same strategies I have been using going forward, I am adding a couple of small strategies, and am aggressively expanding one of my hedged strategies. I am still short volatility, however have been limiting some of the short exposure it the last couple of days when the VIX reached 15. Also while doing some extensive analysis on the short VXX position, it seems that maybe in a few months down the road I might start to reduce (or stop adding) to the short VXX position due a possibility that this strategy might become a little more risky in the long term.
⢠Comments ; I have realized that over the last 3 months the number of comments have been pretty small comparing to the first 2 months (the first 2 months have 3X as many comments as the last â3 monthsâ). I am not sure the exact reason why, is it that people would rather comment when the they think that the OP has no clue what he is doing, versus someone that seems to have a strategy..?, in any case I really appreciate your comments regarding my strategies, as well on the possibility of converting to a full hedge fund next year. Thanks
As poyayan pointed out the profit for the incubator fund was $2,824 not 3824
MONTHLY UPDATE JUNE 30 REVIEW
⢠Personal account values: as of June 30 close was $728,489
⢠Incubator hedge fund: values as of June 30 close was $111,824.
⢠End of Quarter ; June marked the end of the second quarter, as I said in my post at the end of March, I am little focused on monthly returns, while quarterly return are somewhat more important.
The first quarter return was 13.5%, the second quarter the return was around 13%. While the second quarter preformance was slightly lower then the first, it was much stronger when compared to the S&P 500. The S&P 500 was essentially flat for the quarter, so having earned 13% was quite an accomplishment.
Also it seems that incubator fund performance is starting to mirror the performance of the personal account I would expect the same going forward.
June was split in 2 parts, before June 16 almost every asset class fall besides treasuries and MBS (stocks, precious mettles, lower rated bonds, emerging markets, preferred shares, oil) while volatility had a sharp spike. Volatility has Peaked on the 16th (see my post of June 16th regarding VXX) and almost everything rebounded. Precious metals were the only one left out which is rebounding now.
⢠Going forward; I am continuing the same strategies I have been using going forward, I am adding a couple of small strategies, and am aggressively expanding one of my hedged strategies. I am still short volatility, however have been limiting some of the short exposure it the last couple of days when the VIX reached 15. Also while doing some extensive analysis on the short VXX position, it seems that maybe in a few months down the road I might start to reduce (or stop adding) to the short VXX position due a possibility that this strategy might become a little more risky in the long term.
⢠Comments ; I have realized that over the last 3 months the number of comments have been pretty small comparing to the first 2 months (the first 2 months have 3X as many comments as the last â3 monthsâ). I am not sure the exact reason why, is it that people would rather comment when the they think that the OP has no clue what he is doing, versus someone that seems to have a strategy..?, in any case I really appreciate your comments regarding my strategies, as well on the possibility of converting to a full hedge fund next year. Thanks