Financial markets were whipsawed through the calendar year-end and into the first quarter of 2019. The extremely negative sentiment going into the end of 2018 was caused by concerns around a recession and exacerbated by extreme net equity outflows. Markets rebounded strongly in the first quarter on a more dovish central bank. The funds traded well through this high volatility with small net buying in the dip and managing to avoid the sale of equities during the panic. This resulted in both pleasing risk and returns through the volatility.

Read the full article here: Q1 2019 Newsletter