September 2015 Performance
September is basically another repeat of August. There were no merger arb positions closing in September to give my portfolio a boost. I’ve positioned to take advantage of some anticipated merger arb closings in Q4 such as WuXi Pharma Tech (Ticker: WX), Integrated Silicon Solution (Ticker: ISSI) and Dealertrack Technologies. I also have some pre-deal special situation plays such as Molson Coors (Ticker: TAP) and BioMed Realty Trust (Ticker: BMR). I believe the merger positions will help buffer my portfolio during this volatility (unless there’s a blow up).
Just trying to be patient in this market environment and not to over react...
2015 Performance Year to Date = +14.86% with the running monthly returns as follows:
Edit: I sold my position in Molson Coors today to reduce my equity exposure.