EGAS April Newsletter

Gold

EGAS April Newsletter

OUR STRATEGY

The Excelerate Gold Alpha Strategy (EGAS) is focused on movements in the gold price. The strategy trades both long (BUY trades) and short (SELL trades) using a combination of time and price inputs to trigger trade signals. Excelerate Fund Management’s team has over 40 years of financial markets trading expertise aiding the strategy to consistently outperform the S&P GSCI Gold Index.
%JanFebMarAprMayJunJulAugSepOctNovDec*YTD
20160.0036.52011.220-9.9008.08019.860-16.660-1.9605.2801.9000.000-6.38047.96
201710.220.57-6.16-10.59-2.97-2.261.63-5.825.01-0.94-4.740.00-16.05
2018-3.885.531.24-5.84-1.972.843.223.16-0.892.190.267.5613.42
20195.973.765.01-3.446.345.580.006.39-2.41-4.72-0.840.2721.91
20204.203.301.52-0.262.960.784.650.109.500.0010.99-10.9326.81
2021-0.596.053.630.69 9.78
* gross profit

MONTHLY COMMENTARY

EGAS returned +0.69% for the month of April.
The month saw a slow grind higher in gold with only a $92 range and a continued fall in the USD. Gold volatility for the month moved slightly higher to just over 16 mid-month but fell back to average 15 for the month, well below the long term average of 20. EGAS was positive for April 2021 having negative returns for the previous 5 years. After analyzing this, we concluded there is no correlation with seasonal factors that affected previous results.

PERFORMANCE SINCE INCEPTION 103.83%

PROJECTED 2021: 31.00%

PERFORMANCE SINCE INCEPTION 103.83%
PROJECTED 2021: 31.00%

Investment Product: Gold futures
Investment Structure: Managed Accounts
Investment Manager: Excelerate Fund Management

Liquidity: Monthly
Management fee: 2%
Performance fee: 20%

Zenith Choi / Chief Executive Officer
 zenith@exceleratefund.com
 +852 3468 2619
Matthew Harper / Chief Investment Officer
 
matthewharper@exceleratefund.com
+852 3468 2618