Investment Objective
Managed by Barry Norris, the VT Argonaut Absolute Return Fund uses a simple long/short equity strategy to deliver attractive and positive returns with historically low correlation to equity markets. The fund invests exclusively in high conviction single stocks (both long and short) with no complicated derivatives.
Latest Meeting Note
Meeting 08 Jun 2022
2022 has been a very strong start to a year for the fund (+26.1%) as PM Barry Norris has tilted the long-book heavily towards commodity-related stocks (c. half of the long book), with Barry bullish on the current and future opportunity s...
2022 has been a very strong start to a year for the fund (+26.1%) as PM Barry Norris has tilted the long-book heavily towards commodity-related stocks (c. half of the long book), with Barry bullish on the current and future opportunity set relating to the commodity sector. Since October 2021 the PM has been of the outlook of a stagflationary environment and has been positioning the portfolio accordingly. On performance, it has been wide spread across positions YTD with no more than 200bps made in a single stock with notable alpha generated on both sides of the books.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.8 | 0.7 | 0.6 | 0.8 | 0.3 | 0.9 | 0.5 | 0.3 | 1.0 | 0.5 | 0.7 | 1.0 | 1.0 | |
| 2022 | 0.7 | 0.8 | 0.8 | 0.7 | 0.1 | 0.7 | 0.3 | 0.6 | 0.1 | 0.2 | 0.3 | 0.9 | 0.6 |
