Pedge Fund USD
February performance: -9.1% (gross, approx)
Year to Date performance: -2% (gross, approx)
- Big losses on Oil related commodities and stocks
- Gains thanks to the precious metals (long gold and silver)
- Losses short USD
- Gains on short treasuries
- Gains on Puts on the Dow. I have some puts for quite some time, and bought more a few weeks ago, but unfortunately, I made a mistake: when buying out of the money puts, I didn't properly delta-hedge my portfolio and hence the put ended up making far less gains than the overall losses on the portfolio, as noticed on the performance of the portfolio this month.
On the other informative news, I friend of mine asked me if I could manage his money, since I have avoided him a lot of losses in the past several months, and that all my calls happened to be right. So I will do my best to onboard his money into the fund, which will require me to be a lot more structured in the way I work...