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 […]
Tag Archives: MARKET COMMENTARY
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April 2022 Market Commentary and Performance Portal Digital Fund and Horizon Index Fund
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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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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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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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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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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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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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November 2022 Market Commentary and Performance
Portal Digital Fund Horizon Index Fund Radiance Global Fund November: -9.7% November: -23.6% October: -18.50% YTD: -41.1% YTD: -72.2% YTD: -25.52% 2021: +83.1% Since Inception: -72.2% Since Inception: -25.52% Since Inception: +97.9% Market Commentary from Mark Witten, CIO November was a month that will be remembered in the cryptocurrency and digital asset (“crypto assets”) markets […]