Month: March 2020

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Geldzug: CHINA STOPPED COVID-19 BY STOPPING ITS ECONOMY… …BUT CAN IT RESTART ITS ECONOMY WITHOUT RESTARTING COVID-19?

23 March 2020

Chinese authorities have told the world that COVID-19 has been contained inside China. Rules about isolation are being loosened – even in Wuhan – as the number of new cases diminishes. The number of cases outside the core areas around Wuhan remain small, because the policies of quarantines and draconian travel restrictions have succeeded in preventing new cases in the rest of China. Big cities like Shanghai and Hong Kong have set excellent examples of how to handle a pandemic, because their leaders were smart enough to listen to the experts and to act decisively very early on. Examples of this decisiveness is welding doors shut on apartment blocks… [read more]

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AUSTRALIAN MARKETS THE FEBRUARY 2020 REPORTING SEASON

25 March 2020

Twice a year we summarise the half-year and full-year results of the companies in the ALCE portfolio. The impact of the COVID-19 epidemic has overshadowed the results which were released in February 2020, because recessions are all but inevitable in Australia, the US, and Europe. For the companies reporting below, the impact of COVID-19 will not force radical changes in their business models; in other sectors such as airlines, hotels, cruise lines, and oil and gas exploration and production, many companies will not survive. For the companies in the ALCE portfolio, it is their operational performance which will determine how badly they are affected by the COVID-19 recession and how quickly they recover from it… [read more]

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Arminius Capital hedge fund “ALPS” generates positive Chinese coronavirus returns

*LATEST* Arminius Capital hedge fund “ALPS” generates positive Chinese coronavirus returns

The Arminius Capital ALPS Fund returned +1.11% for February 2020, building on its +1.38% of January.
All major markets fell in February 2020: S&P500 -8.41%, Eurostoxx 600 -8.54%, NIKKEI -8.89%.

To the end of February, the Arminius Capital ALPS Fund has returned +2.51% YTD 2020.
(YTD 2020: S&P500 -8.56%, Eurostoxx 600 -9.66%, NIKKEI -10.63%).

Although we are only 12 days into March, most global markets have suffered terribly, ending the 11 year bull market in equities. Both energy commodities and global equities have commenced their march into a bear market.

However, we are pleased to report that the Arminius Capital ALPS Fund has generated POSITIVE RETURNS in March (as of month-to-date data as at 12th March 2020).

GLOBAL MARKETS PERFORMANCE: MTD % Chg is to 12 March 2020

The February 2020 Performance Report is currently being finalized and will be published shortly. Please check back here for it: https://arminiuscapital.com.au/funds/ . Subscribers to the Arminius Capital ALPS Fund reports will receive it automatically to their inbox when it is published. Subscriptions can be managed in the footer section on our homepage https://arminiuscapital.com.au/

We will provide you with more market updates in coming days.

Kind regards
Marcel.

Marcel von Pfyffer
Managing Director