- 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