C8/GreenBlue Good Governance US Equity L/S Certificate up 3.4% in March

As we detailed last month, when C8’s systematic factor-weighted equity L/S overlay was applied to the Green Blue Invest portfolio of the top 100 ‘Good Governance’ stocks in the S&P 500, one of the stand-outs from the backtest was the strong performance of the Index in volatile markets. We also noted the outperformance of the Certificate in February, which was even more marked in March, where the Certificate rose 3.4% against a 12.4% drop in the S&P 500. Indeed, a better measure of the outperformance may be that, since launch, the S&P 500 has fallen by nearly 22%, whilst the Certificate has risen by 0.5%, despite a 40% long bias.

BY JON WEBB

Full report at: C8 GBI March 2020 Monthly Report – Cirdan Capital

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