As we had predicted in our newsletter last year, financial markets did not conform to the dominant narrative at the time.
Neither the trajectory of US interest rates, nor the reopening of the Chinese economy – both of which were expected to drive markets – played out as expected.
We are pleased that we at Asas Capital were able to keep our clients fairly insulated from the disappointment while still ensuring they earned attractive risk-adjusted returns.
Thank you for all your support, and best wishes to you all for 2024.