The manager noted another relatively quiet and choppy month for all asset classes, making some gains on their long volatility positions and realisation of their REIT holdings. They also noted that volatility levels have fallen to levels where risk and rewards are tipped in favour of their long volatility strategy.
1 year return: -11.79%. Annual (Mar.2007): +2.31%
Shell Cove was established by Richard Jenkins in 2004 following a 20 year career with Macquarie Bank.
