Apeiron's Global Macro Fund, which utilises re-pricing strategies in futures and FX markets, returned +0.12% in November, bringing its YTD return to +19.31% and its 12 month return to +18.98%.
Due to market volatility and unsettled liquidity during November, Apeiron elected to remain invested mainly in cash for most of the month, while waiting for low-risk entry levels to present themselves.