January 2023 Market Commentary and Performance
|Portal Digital Fund||Horizon Index Fund||Radiance Global Fund|
|January: +9.2%||January: +34.4%||January: +30.89%|
|YTD: +9.2%||YTD: +34.4%||YTD: +30.89%|
|Since Inception: +91.3%||Since Inception: -77.7%||Since Inception: -16.42%|
Market Commentary from Mark Witten, CIO
Cryptocurrencies and digital assets (“crypto assets”) had a solid start to 2023, bouncing back from one of the worst years across all asset classes in global financial markets since the turn of the century. Bitcoin (BTC) was up +39.8% in January, whilst the overall market as represented by the CCI30 Index finished up +38.8%. The Portal Digital Fund finished January up +9.2%.
Portal Digital Fund
The Portal Digital Fund (PDF) finished January up +9.2% net of fees vs the overall market as represented by the CCI30 Index up +38.8% and BTC up +39.8%. Since its inception PDF is up 91.3% with a volatility of 27.7% vs CCI30 Index (the market) is up 55% with a volatility of 95%.
Horizon Index Fund
The Horizon Index Fund was up +34.4% for January 2023, in line with the broader market.
Radiance Global Fund