The post South River Large Cap North America L/S Fund- February 2024 appeared first on South River Asset Management ..read more

The Easter festival was celebrated this past w/e and the western world went into holiday mode. The Easter tradition was started for obvious reasons in the western calendar at the time of Christ’s death around 30 AD but the festival is celebrated around the Christian world at this time of year. We’ve taken a look at the various market data as regards Easter and its impact on markets below But first a quick peek at some of the more unusual Easter traditions around the world. Bermuda- in Bermuda it’s all about kite flying as a way to symbolize Christ rising from his grave and ascending to Heaven ..read more

It is unfathomable that, amidst all the interminable media commentary on Covid-19, little or no mention has been made of the two global pandemics of 1957/59 and 1968/70.  The “Asian flu” of 1957/59 and the “Hong Kong flu” of 1968/70 both bore striking similarities to today’s pandemic. Indeed, there are such striking similarities between the two that we thought it worthy of comment. Consider the facts Both originated in Asia and started with symptoms of a cough, headache and pneumonia-like symptoms  Both killed between one and five million people and were recorded as pande ..read more

  It’s hard to know which are the more striking headlines in these pandemic-impacted global markets. Either It’s the March headlines encapsulating the fastest, most vicious bear market and quickest collapse in economic output since World War II, Or It’s the April headlines describing the strongest stock market rally in 45 years, foretelling that investors are about to experience a ‘V-shaped’ recovery starting this summer. The bear case For the market bears, the collapse in GDP and economic slump caused by Covid-19 will have a major impact resulting in a fixed loss of economic output and ..read more

New UK PM Boris Johnson’s pledge to go the extra 1000 miles to secure a Brexit deal with the European Union has echoes of that famous song by the Proclaimers, “I’m going to be” from their 1988 album “Sunshine in Leith” with its signature line “I can walk 500 miles and I can walk 500 more.” Songwriters Charlie and Craig Reid were reportedly big supporters of Scottish independence and presumably were cheering Scottish First Minister Nicola Sturgeon who in her first meeting with Boris Johnson yesterday reiterated her commitment to Indy2 (then maybe Indy3 or 4 if Indy2 doesn’t work). Back in Lond ..read more

So that’s it then. After all the fuss Trumpie’s stuck another $50bn of extra levies on a load of Chinese imports, let’s face it, it’s pretty small beer…and a lot of it,  let’s be honest, is fairly low value-added stuff like kids’ toys, plastic ducks and wireless routers and the like… While on the other side of the table, Beijing’s squeezing a few mid-west farmers and going to buy its soya beans from Brazil, not Minnesota-SO WHAT, BIG DEAL, share prices of DEERE etc have hardly moved a jot and the S&P remains up 9% ytd and the Shanghai Composite 18%.  To put this in context the US ..read more

An alumnus of my old uni Matthew Roberts has been appointed new boss of INTU, which is one of Britain’s largest retail landlords…interesting in one of his first acts as CEO he’s managed to sell their Derby mall for £186m to a Kuwaiti backed firm… https://www.thisismoney.co.uk/money/markets/article-6937267/Shopping-centre-operator-Intu-sells-stake-Derby-mall-186m-reduce-debts.html Interest in UK commercial property remains strong despite the hysteria over Brexit…Deutsche Bank brought out a research report last week which highlighted value in the sector… https://www.proactiveinvestors.co.uk/comp ..read more

Valencia- a few Brexit free days in Spain with light sunny days, fabulous juicy Spanish oranges and wonderful local wines and the best paella in Spain- just what the Doctor ordered. Spain is great and a world away from the febrile and heated political maelstrom in London…but it pays for that in that the local economy is moribund and lacking dynamism…while youth unemployment is 25%… and the country has difficult general elections on 28 April in which a Catalan minority will kick back  hard against the centre and PM Sanchez will struggle to hold his leftist coalition together… Spain is inc ..read more

The post South River Large Cap North America L/S Fund- January 2023 appeared first on South River Asset Management ..read more

The post South River Large Cap North America L/S Fund- December 2023 appeared first on South River Asset Management ..read more