Message from Jeremy Smeeton, Managing Director
15-May-2012
The GAA USD Global 'Q' Fund slipped by -2,12% in April, trading at USD167.90 a share on 1 May 2012.
Despite the addition of four new 'quant' strategies to its existing core strategy in February (which contributed positive growth to the underlying portfolio in both February and March) unstable European banking stocks contributed negative performance resulting in the fund underperforming the markets. New, underlying 'quant' strategy performance reports are due to be posted on this website shortly detailing action that has since been taken to rectify this situation.
Thank you for your ongoing support of GAA funds. |