August 2015 Performance
Do I need to say any more about the month of August? I do expect this volatility to continue going forward, which is actually not bad. People were getting very complacent and we do need people to start doubting this market. As they say, the market climbs a wall of worry.
My portfolio was actually down by
more than 10% at one point, but ended only down -0.89% for the month. The
closing of the Receptos acquisition by Celgene (Ticker: CELG) definitely helped a bit.
Constellation Brands (Ticker: STZ), which is my largest holding, held up well during this
market volatility.
So right now, it’s just a wait and
see. Like I mentioned earlier, WuXi Pharmatech (Ticker: WX) is my only arb play at the
moment and it comprises only ~ 15% of my portfolio.
That’s all I have to report…
2015 Performance Year to Date =
+20.76% with the running monthly returns as follows:
January +3.4%
February +7.03%
January +3.4%
February +7.03%
March -0.33%
April +0.39%
May +5.59%
June -1.2%
July +5.48%
August -0.89%