10 July 2021

MEMNON OPPORTUNITIES 2Q21 REPORT

  • During the second quarter of 2021, the Memnon Opportunities Strategy (the “Portfolio”) returned 5.2% gross of fees. The MSCI EUROPE TR net (the “MSCI Europe”) returned 6.5% and the MSCI EUROPE MID CAP TR net (the “MSCI Europe MID”) returned 6.7%.
  • Holdings in the growth sectors contributed the most to Portfolio returns during the second quarter while Cyclical names contributed negatively. Clinigen was the most negative contributor after revising earnings guidance.
  • The Portfolio remains very concentrated with 19 names, top 5 positions being…

Read the MEMNON OPPORTUNITIES 2Q21 REPORT

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