December 2022 Market Commentary and Performance
December 2022 Market Commentary and Performance
| Portal Digital Fund | Horizon Index Fund | Radiance Global Fund |
| December: -3.4% | December: -16.9% | December: -14.27% |
| YTD: -42.1% | YTD: -77.7% | YTD: -36.15% |
| 2021: +83.1% | Since Inception: -77.7% | Since Inception: –36.15% |
| Since Inception: +75.1% |
Market Commentary from Mark Witten, CIO
December was a choppy month that saw the market initially rally 5% and then fall around 15% mid-month on fears of continued contagion.
January has started off with a strong rally as the overall market has bounced 28.5% at the time of writing driven by both an improving macro with slowing inflation and an inverted yield curve, and supported by very positive news in the crypto space such as Amazon Web Services partnering with Avalanche. Download the full commentary below.
Portal Digital Fund
The Portal Digital Fund (PDF) finished December down -3.4% net of fees vs the overall market as represented by the CCI30 Index down -12.6% and BTC down 3.8%. The PDF was down -42.1% net of fees for FY22 vs the market down -72.8% and BTC down -64.2%.
Horizon Index Fund
Performance Review
The Horizon Index Fund was down -16.9% for December 2022, in line with the broader market.
Radiance Global Fund
