Market Overview At Portal Asset Management, part of our investment philosophy is to continuously perform objective and independent analysis to ensure we are seeing things as they are, not worse than they are, and then in seeing things as what they could be, and we believe, will be. The events in the cryptocurrency and digital […]
Category Archives: Market Commentary
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Market Update – November 2022
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July 2022 Market Commentary and Performance
Portal Digital Fund Horizon Index Fund Radiance Global Fund July: +8.1% July: +28.2% July: +1.1% YTD: -28.5% YTD: -63.6% 2021: +83.1% Since Inception: -60.6% Since Inception: +116.6% Market Commentary from Mark Witten, CIO July saw cryptocurrencies and digital assets (“crypto assets”) break their last three consecutive monthly drawdowns, with BTC returning +17%, and the overall […]
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October 2022 Market Commentary and Performance
Portal Digital Fund Horizon Index Fund Radiance Global Fund October: +0.3% October: +6.2% October: +2.12% YTD: -34.6% YTD: -63.7% YTD: -8.61% 2021: +83.1% Since Inception: -63.7% Since Inception: -8.61% Since Inception: +97.9% “Over-leveraging is the prime reason for all market blow-ups. Leverage has the potential to turn a reasonably good investment into disastrous gambling.” Naved Abdali, […]
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September 2022 Market Commentary and Performance
Portal Digital Fund Horizon Index Fund Radiance Global Fund September: -4.7% September: +4.4% September: -1.18% YTD: -27.6% YTD: -65.8% YTD: -10.50% 2021: +83.1% Since Inception: -60.6% Since Inception: +98.1% September was a challenging month for funds to trade. BTC initially rallied 10% whilst ETH and the overall market rose 14% in the first 12 days […]
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August 2022 Market Commentary and Performance
Portal Digital Fund Horizon Index Fund Radiance Global Fund August: -3.9% August: -9.9% August: -8.81% YTD: -31.7% YTD: -67.2% YTD: -8.81% 2021: +83.1% Since Inception: -60.6% Since Inception: +106.8% Market Commentary from Mark Witten, CIO The strong bounce that started in July with BTC rallying 26% off its lows and the overall market (represented by […]
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June 2022 Market Commentary and Performance
Portal Digital Fund Horizon Index Fund June: -8.3%* June: -27.9% YTD: -33.7% YTD: -71.6% 2021: +83.1% Since Inception: -60.6% Since Inception: +100.6% Please find below the performance review and market commentary for June 2022, including our global macroeconomic analysis given current turbulent market conditions. Market Commentary from Mark Witten, CIO The intense volatility we have […]
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May 2022 Market Commentary and Performance
Portal Digital Fund Horizon Index Fund May: -12.1%* May: -30.1% YTD: -23.7% YTD: -60.6% 2021: +83.1% Since Inception: -60.6% Since Inception: +130.9% Market Commentary from Mark Witten, CIO Market Macro May was a deceptive month as there was a flight to safety due to the UST/Luna collapse, with the result that Bitcoin and Ethereum were ‘only’ down -16% and […]
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April 2022 Market Commentary and Performance Portal Digital Fund and Horizon Index Fund
Portal Digital Fund Horizon Index Fund April: -6.2%* April: -26.7% YTD: -13.9% YTD: -43.6% 2021: +83.1% Since Inception: -43.6% Since Inception: +160.6% Market Commentary from Mark Witten, CIO April was a turbulent month across the entire investment landscape as US fixed income yields spiked and this caused monthly declines across all risk assets, most notably tech stocks as […]
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March 2022 Newsletter and Market Commentary
Portal Digital Fund Horizon Index Fund March: +6.1%* March: +19.1% 2021: 83.1% YTD: -23% YTD: -8.2% Since Inception: -23% Since Inception: 161.8% Please find below the March market commentary for Q1 2022, including our global macroeconomic outlook and recent relevant headlines. Market Commentary from Mark Witten, CIO Investors are facing a rising number of daunting challenges. These […]
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February 2022 Newsletter and Market Commentary
Portal Digital Fund February: -0.5%* 2021: 83.1% YTD: -12.1% Since Inception: 165.8% Horizon Index Fund February: -6.9% YTD: -35.5% Since Inception: -30.6% Market Commentary from Mark Witten, CIO Cryptocurrencies and digital assets (“crypto assets”) have now been embraced as a conventional asset class by most investment professionals and are now discussed daily in all major […]