The Apeiron Global Macro Fund reported a gain of +1.34% in May, in a month where ongoing optimism over a global economic recovery fuelled sideways movements in markets.
1 yr return: +19.52%. Annual (Feb 2006): +18.35%
Although the Fund continues to post solid monthly gains, the manager remains skeptical on the sustainability of the current economic recovery, and believes this will present opportunities for the Fund. The Fund's annualised risk (standard deviation) now stands at 11.4%.
