Series 1 units of the Warburton Global Fund returned +0.3% in February 2019. The value of $1 invested since inception is $1.48.
The global financial markets experienced a mildly positive month. Equities were higher in most major jurisdictions. Sovereign bonds lost value in North America
and Europe but gained in value in Asia and Australia. The 2-year to 10-year section of the US yield curve steepened slightly. Commodity prices were higher for energy and industrial metals but lower for precious metals. The AUD was weaker versus the USD.
The Warburton Global Fund’s gains came from our currency, commodity and cash positions. Losses on our bond positions tempered the month’s profit.
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%.