Ayaltis Investor Reports - March 2019 Performance Estimate

 

We are pleased to send you the estimated NAVs & performance numbers for Areca Value Discovery with a performance of 1.21% for Class B USD.

Furthermore, we are pleased to share with you our recorded Ayaltis Webinar Video which features key messages from the Ayaltis Lunch presentation series with the following topic "Insights on Relative Value Opportunities in Shifting and Volatile Markets". 

March Flash Commentary

From an economic standpoint, we have definitely seen a deceleration in economic activity. The reaction of fixed income instruments to the bad signals of the real economy did not take long to arrive. The 2m10y Treasury spread went negative: seven of the eight US yield curve inversions of the last 50 years were followed by a recession, given this is a widely recognised indictor, markets are anticipating that Central Banks will cut rates in the near future and investors run towards long-term government paper to be protected if a recession unfolds. The U-Turn in the Fed’s narrative creates huge support for long-bias asset allocators.

In our portfolio, all opportunity sets delivered positive returns except one minor detractor. Due to its short bias vs corporate credit, our Structured Relative Value manager continues to suffer the relentless spread tightening. Global Macro was the strongest performer followed by Event Driven, Systematic Relative Value and Fixed Income Relative Value.
 

Estimated NAVs and Performance
as of March 31, 2019
March YTD 2019 NAV 2018 12 Months Rolling Return 12 Months Rolling Volatility Liquidity PDF
Areca Value Discovery B USD 1.21% 1.63% 127.17 -0.32% 2.24% 2.17% Quarterly Link
Areca Value Discovery B CHF 0.97% 0.81% 115.57 -3.53% -1.05% 2.28% Quarterly
Areca Value Discovery B EUR 1.00% 0.91% 117.92 -3.09% -0.62% 2.28% Quarterly
                 
Areca Azure C USD 0.75% 2.61% 108.56 1.16% 4.46% 2.72% Monthly Link
                 
Narrapuno SPC - Spectrum A USD 1.41% 1.63% 1,540.19 -0.11% 3.19% 2.67% Quarterly Link
Narrapuno SPC - Spectrum A CHF 1.11% 0.75% 1,347.54 -3.47% -0.35% 2.68% Quarterly
                 
Areca Convexity B USD -0.06% -1.59% 102.20 3.85%* - - Monthly Link

*Note: Areca Convexity was launched in August 2018. This month’s cut-off date for subscriptions is 23 April 2019 at 3pm.

We are also pleased to send you the final NAV & Performance for Alaya Diversified (UCITS) with a performance of -0.11% for Class B USD.
 

Estimated NAV and Performance
as of March 31, 2019
March YTD 2019 NAV 2018 12 Months Rolling Return 12 Months Rolling Volatility Liquidity PDF
LSF Alaya Diversified (UCITS) B USD -0.11% 0.61% 100.81 0.39%* - - Bi-weekly Link
LSF Alaya Diversified (UCITS) B CHF -0.24% 0.05% 99.59 - - - Bi-weekly Link
LSF Alaya Diversified (UCITS) B EUR -0.23% -0.01% 99.49 - - - Bi-weekly Link

*Note: Class B in USD was launched on 17 December 2018 whereas Class B in CHF and EUR were launched on 15 January 2019. This month’s cut-off date for subscriptions is 10 April 2019 at 3pm.

As always, we reiterate our gratitude for your continued trust and support.
                  
Best regards,

Son Nguyen
CEO & Managing Partner


Ayaltis AG
Bleicherweg 19
8002 Zürich
Switzerland

Direct: +41 43 501 37 62
Mobile: +41 78 610 65 00
Email: 
nguyen@ayaltis.com 

 

 

 

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