APLD is trading up almost 20% now on Fri morning.
Yuval : can you tell us how the options based hedge is doing?
Many thanks.
Regards
James
The current market value of my puts is $1.33M and I paid $1.28M for them, so that's OK. As for realized returns, over the last year I've lost about $1.06M out of $7.17M invested.
On the other hand, if I hadn't used leverage and a hedge, I'd be up 12.44% YTD instead of 14.78%, and my monthly returns wouldn't have been as smooth. So the hedge has been useful this year.
Overall, my hedging experience hasn't been good, but I like having the insurance it provides in case of a crash.
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Yuval,
Although you didn't outperform Bluecrest Capital YTD performance at 20%+ (after fees), you are certainly doing a lot better than Anson Investment (which is considered one of the best performing long/short hedge fund in the past decade.)
Anson Investment's YTD performance has just been updated.
Pls see the screenshot below.
Regards
James
APLD has gone crazy again and up 45% this morning.
Yuval : I think the hedge maybe more volatile than the underlying portfolio. Hope all is well and everything goes back to normal this afternoon.
Regards
James