You can now consult the Commentary on the Performance of the NIC Fund so far this month. A brief summary is presented below.
Over the period under review, performance translated into a positive total return of 229 basis points, over a standard deviation of 2,38% (non-annualized measures). Positive days accounted for more than half of total under observation, and the peak daily return was achieved in 5 of October at 1,7%.
The highest over performance in terms of absolute return was achieved by Nuno Luís, whose strategy benefited from a single day natural gas price drop of more than 13%. The lowest volatility belongs to Mr. Sodagar, whose apparently volatile M&A etf concentrated strategy shown up quite stable with no variations over 0,5%. The highest Sharpe Ratio was attained by Diogo Conceição however, managing to combine two different strategies with positive and complementing returns in Oil companies and M&A arbitrage. All other members performed considerable well, contributing to the excellent overall outcome of our portfolio so far.
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