Q3 2011 Results: +12.1% for Lakshmi Capital Global Macro Absolute Return Strategy
We are proud to announce the close of another great month at Lakshmi Capital. Please find a summary of results and commentary from our Managing Director, Ananthan Thangavel, below.
“The past quarter, punctuated by the month of September, saw greatly elevated volatility and precipitous drops in risk assets. Our winning positions in long dollar and short precious metals positions in September were hard fought against market expectations of quantitative easing before the FOMC statement on September 21st, but turned out to be the correct investment posture. We continue to be bearish going forward, as the European debt crisis is worsening with no solution in sight, and the Fed continues to signal complacency. The way forward will be marked by heightened volatility due to global markets now being in a bear market, but we strongly believe that we are correctly positioned to profit from the coming economic environment.”
ALL INFORMATION INCLUDED HEREIN IS THE OPINION OF THE FIRM AND SHOULD NOT BE CONSIDERED INVESTMENT ADVICE. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS