Four months shy of its 10th birthday, October marked this equity bull market's 2nd 10% drawdown of 2018. Unless an investor was in cash, held a short book or perhaps a fund whose underlying assets aren't marked to market on a monthly basis, it was a tough few weeks. Each of the S&P 500 & the TSX delivered total return losses of greater than 6% for the month, leaving Canadian equities red year to date. The Class F Lead Series of our Forge First Multi Strategy LP declined 1.11% net of fees while our Forge First Long Short LP Class F Lead Series fell 2.19% after fees. However, as shown in the table below, each of our funds remains solidly positive year to date and for the rolling 12 months.
Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.
Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.