Dispelling Hedge Fund Myths Part II

NEWSLETTER MAY 2015

Our hedge fund, The Select Opportunity Fund, returned a -5.69%* for the month, while our unit trust, The Altre BCI Real Return Property Fund, returned -4.92%*. The South African Listed Property Index declined -5.93% for the month. Following better than expected Job Numbers out of the United States, bond yields spiked across the globe, sparking a sell off in equities. South African was certainly not spared as our general equities, property equities, bonds and currency all ended the month of May in the red.