- During the second quarter of 2023, the Memnon European Equity Strategy (the “Portfolio”) returned -3.3% gross of fees. The MSCI EUROPE ex UK TR net (the “MSCI Europe ex UK”) returned +2.5% and the MSCI EUROPE TR net (the “MSCI Europe”) returned +2.3%.
- Holdings in the cyclical, growth and defensive sectors all contributed negatively to the Portfolio’s excess returns during the second quarter while the financial sector contributed only marginally.
- During the quarter, we initiated positions in…
Read the MEMNON EUROPEAN 2Q23 REPORT
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