Ayaltis Investor Reports - December 2018 Performance Estimate

 
 
 
 
 
 
 
 
 
Ayaltis Investor Reports - December 2018 Performance Estimate
 

Dear Investor,

The Ayaltis team wishes you a good start to 2019, may it bring health, happiness and success! 

We are excited to announce the launch of Alaya Diversified UCITS Fund of Hedge Funds, please find the performance details below. Should you have further questions about our new UCITS Fund of Hedge Funds offering, please do not hesitate to contact us directly.

We are pleased to send you the estimated NAVs & Performances for Areca Value Discovery with a performance of -0.11% for Class B USD.

December 2018 Flash Commentary

2018 was a record-setting year for investors, but it's a year investors would rather forget. Equities booked their worst year since the financial crisis and the worst December since the Great Depression.

Our flagship fund Areca Value Discovery closed the historic month of December almost flat with -0.11% and YTD 2018 -0.46% in USD. Noteworthy, we would like to mention that during the most challenging quarter since the Great Financial Crisis, we only lost slightly more than -1% .The uncertainties around the global economy had a big impact on financial and real assets. Let’s make a short preliminary summary on 2018 performance:

  • S&P 500 down -6.2%
  • US Real Estate down -8.3%
  • US IG down -8.9%
  • US HY down -7.1%
  • European stocks down -14.3%
  • Emerging Markets stocks down -16.9%
  • Crude Oil down -24.8%
  • Gold down -2.6%

We raised warnings since long time ago and we kept a defensive bias during the last few months.On the portfolio level, the best contribution came from Structured Relative Value followed by Distressed Securities. Negative contribution came from Global Macro and Event Driven managers..
We believe we will continue to see a deceleration in global growth during 2019, although very recently Chinese authorities have quickly reversed few parts of their deleveraging program. The sharp decline in inflationary expectations and the wild rollercoaster of market prices may convince Central Banks to postpone the normalization of their monetary policies.

We have been able to capitalize on the early ride of the business cycle, on its matured stage and we continue to perform when end-of-cycle fears dominate, keeping our realized volatility and our sensitivity to market’s moves at very low levels.
  

Estimated NAVs and Performance
as of December 31, 2018

December

YTD 2018

NAV

2017

12 Months Rolling Return

12 Months Rolling Volatility

Liquidity

PDF

Areca Value Discovery B USD

-0.11%

-0.46%

124.95

7.72%

-0.46%

3.95%

Quarterly

Link

Areca Value Discovery B CHF

-0.50%

-3.68%

114.46

5.45%

-3.68%

3.98%

Quarterly

Areca Value Discovery B EUR

-0.44%

-3.23%

116.68

5.99%

-3.23%

4.08%

Quarterly

 

 

 

 

 

 

 

 

 

Areca Azure C USD

-0.67%

1.24%

105.89

5.48%

1.24%

3.41%

Monthly

Link

 

 

 

 

 

 

 

 

 

Narrapuno SPC - Spectrum A USD

-0.57%

-0.28%

1,512.80

8.27%

-0.28%

4.65%

Quarterly

Link

Narrapuno SPC - Spectrum A CHF

-0.86%

-3.57%

1,336.22

5.53%

-3.57%

4.61%

Quarterly

 

 

 

 

 

 

 

 

 

Areca Convexity B USD

0.89%

3.66%

103.66

-

-

1.46%

Monthly

Link

 

 

 

 

 

 

 

 

 

 

We are also pleased to send you the estimated NAV & Performance for Alaya Diversified (UCITS) with a performance of +0.39% for Class B USD.
  

Estimated NAV and Performance
as of December 31, 2018

December

YTD 2018

NAV

2017

12 Months Rolling Return

12 Months Rolling Volatility

Liquidity

PDF

LSF Alaya Diversified (UCITS) B USD

0.39%

0.39%

100.39

-

-

-

Bi-weekly

Link

 

 

 

 

 

 

 

 

 

 

This month’s cut-off date for subscriptions is 24 January 2019 at 3pm.

As always, we reiterate our gratitude for your continued trust, support and patience.
                  
Best regards,

Son Nguyen
CEO & Managing Partner


Ayaltis AG
Bleicherweg 19
8002 Zürich
Switzerland

Direct: +41 43 501 37 62
Mobile: +41 78 610 65 00
Email: nguyen@ayaltis.com 

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