Series 1 units of the Warburton Global Fund returned -1.5% in December 2018. The value of $1 invested since inception is $1.51.
Heightened volatility in financial markets continued in December. Globally, equity indices were down -8% in aggregate. Government bond prices rose modestly across most major developed markets. The US yield curve continued to flatten, as US Treasury bonds gained in value at both shorter and longer maturities.
Commodity prices were mixed. Precious metal prices rose, industrial metal prices fell and the oil price continued to plummet. The AUD fell versus the USD.
About Warburton Investment Management
Warburton Investment Management manages client capital via the Warburton Global Fund, a global macro hedge fund that deals in international investments. The fund invests in public equity, fixed income, currency and commodity markets worldwide.
Founded in 2015, Warburton Investment Management is one of the best performing firms in the hedge fund industry, with a mandate to target annualised returns of over 30%.