Welcome to this month’s edition of Portal Asset Management’s Market Commentary. In this two-part series, we present a dual analysis covering the broader economic spectrum and a focused evaluation of the digital token arena. Initiating the discourse, Mark Witten, our CIO, offers a Macro Economic overview, articulating the forces and trends influencing the financial world. […]
Tag Archives: MARKET COMMENTARY
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MARKET UPDATE: March Commentary
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February 2024 Market Commentary
Market Update – Mark Witten CIO Cryptocurrency and Digital Assets (“Crypto Assets”) markets started the year decisively after the strong rally in Q3 2023 as investors continued to allocate enthusiastically to the space. Bitcoin (BTC) gained +44% in February and the market as represented by the CCI30 Index was up +35%. The Portal Digital Fund […]
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January 2024 Market Performance
January: +1.0* January: -3.6% CCI 30: -6.6% CC130: -6.6% 2023: +49.25% 2023: +78.1% Since Inception: +163.9% Since Inception: +13.7% *The current month is an estimate based on the initial reporting of the various funds, subject to change once NAV is crystalised. BarclayHedge ranksPortal Asset Management# 1 Multi-Advisor for Net Returns 2023 January 2024 Commentary – […]
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September 2023 Market Commentary and Performance
Portal Digital Fund Radiance Fund September: +0.1* September: +6.54% YTD: +3.7% YTD: +12.73% Since Inception: +81.7% Since Inception: -33.13% Download Full Performance Download Full Performance Market Commentary from Mark Witten, CIO Cryptocurrency and Digital Assets (“Crypto Assets”) markets remained challenging in September with continued low volatility driven by subdued retail participation. This has been compounded […]
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August 2023 Market Commentary and Performance
Portal Digital Fund Radiance Fund August: -3.1* August: -14.96% YTD: +3.8% YTD: +4.73% Since Inception: +81.8% Since Inception: -33.13% Download Full Performance Download Full Performance Market Commentary from Mark Witten, CIO Bitcoin (BTC) lost -11.5% in August and the market as represented by the CCI30 Index was down -13.6%. The Portal Digital Fund finished August down -3.1% […]
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July 2023 Market Commentary and Performance
Portal Digital Fund Radiance Fund July: -1.7%* July: +2.77% YTD: +7.5% YTD: +23.15% Since Inception: +88.2% Since Inception: -21.37% Download Full Performance Download Full Performance Market Commentary from Mark Witten, CIO July was another month of two tales, as the cryptocurrency and digital assets (“crypto assets”) market initially rose +10% in the first half of […]
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June 2023 Market Commentary and Performance
Portal Digital Fund Horizon Index Fund Radiance Global Fund June: +0.7%* June: +1.8% June: +0.7% YTD: +9.1% YTD: +35.1% YTD: +21.1% Since Inception: +90.9% Since Inception: -60.9% Since Inception: -19.1% Download: Portal Digital Fund Performance Horizon Index Fund Performace Market Commentary from Mark Witten, CIO June was a volatile month, as the cryptocurrency and digital assets […]
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May 2023 Market Commentary and Performance
Portal Digital Fund Horizon Index Fund Radiance Global Fund May: -3.8% May: -5.3% May: -6.9% YTD: +8.2% YTD: +32.8% YTD: +20.2% Since Inception: +89.4% Since Inception: -60.9% Since Inception: -19.1% Download: Portal Digital Fund Performance Horizon Index Fund Performance Radiance Fund Performance Market Commentary from Mark Witten, CIO May was a largely uneventful month, which […]
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November2023 Market Commentary and Performance
November: +8.7* YTD: +21.6% Since Inception: +113.3% DOWNLOAD PDF November: +16.80% YTD: +48.2% Since Inception: -5.32% Market Commentary from Mark Witten, CIO Cryptocurrency and Digital Assets (“Crypto Assets”) markets surged in October with a daily volume increasing from $34bn on October 1st to a peak of $88bn on October 25th showing a revitalised participation across the sector. […]
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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 […]