- During the second quarter of 2021, the Memnon European Equity Strategy (the “Portfolio”) returned 7.5% gross of fees. The MSCI EUROPE ex UK TR net (the “MSCI Europe ex UK”) returned 6.9% and the MSCI EUROPE TR net (the “MSCI Europe”) returned 6.5%.
- Holdings in the defensive sectors contributed the most to the Portfolio’s returns during the second quarter while holdings in the cyclical sector contributed negatively.
- During the quarter, we initiated positions in…
Read the MEMNON EUROPEAN 2Q21 REPORT