InvestNow News – 8th May – Salt Long Short Fund Fact Sheet – April 2020
The Fund experienced a sharp rebound in the month of April, with a return of +4.35%.
Pleasingly, this did not occur from simply taking on risk to chase the bounce in markets. We performed strongly on those days in the month when markets fell sharply.
We question whether April’s liquidity driven move in markets can be sustained and we have positioned the Fund accordingly, with net length generally being in the high 30% to low 40% region and comprising a variety of defensive names.