Tag Archives: MARKET COMMENTARY

  • 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 […]

  • 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, […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • January 2022 Newsletter and Market Commentary

    January   -11.7%* YTD             37.2% 12 Months   -11.7% To view this email in PDF, click here. Market Commentary January continued the risk-off environment that began in mid-November 2021 across all asset classes. As we stated in our “Portal 2022 Outlook” report we believe that “Inflation is being vastly underestimated – rates are going to rise […]