Thursday, April 02, 2020

March 2020 Performance

In this environment, just have to ensure safety and good health. This is much worse than the 2007 – 2008 financial crisis. Back then I remember people were still going about doing there normal routines. In this COVID-19 scenario, everything has ground to a complete stop. There’s no play book for this… Just have to ensure your portfolio doesn’t blow up and be still in the game with the market eventually recovers.

I’m not adding aggressively to anything. It’s a landmine out there. I nibbled on some Visa (Ticker: V) and Mastercard (Ticker: MA). Also playing some merger arb stuff such as Forty Seven (Ticker: FTSV) (short Puts) and Jumei International Holding (Ticker: JMEI) (long common). Forty Seven and Jumei International Holding are scheduled to close next week. Lots of really good spreads in the merger arb space, but of course there will be some blowups. Definitely staying away from PE buyouts as they have a history of walking from deals when the market gets shaky.

Stay Safe!

2020 YTD Performance = -13.8% with the running monthly returns as follows:

January +2.7%
February -6.8%
March -9.9%

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