EGAS May Newsletter

Gold

EGAS May 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
2021-0.596.053.630.69-5.83 3.95
* gross profit

MONTHLY COMMENTARY

Gold had its biggest monthly range for the year in May moving up $134. The month saw continued USD weakness on the back of Fed rhetoric around inflation only being “transitory”. The market has started to believe the Fedspeak and drove commodities higher with continued strength in copper, iron ore and crude oil. Gold strengthened with limited retracement. Gold volatility (measured by GVZ) was steady around 16 for the month with a spike to 20 in late May taking gold $40 higher on the day.

PERFORMANCE SINCE INCEPTION 98%

PROJECTED 2021: 31.00%

PERFORMANCE SINCE INCEPTION 98%
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