Newsletter – April 2022

Broadly speaking, the Rezco funds have been positioned over the last year for increased risks of rising inflation and thus also monetary policy tightening and weak equity markets. This has been a pain trade through the year, but the positioning is now starting to work for the funds. The reason for our incorrect positioning is that we didn’t think central banks would let inflation get so far out of control (against their mandate), but this also means that the risks have now increased.

Read the full article here: April 2022 Newsletter