CA - Bronte Capital Amalthea Fund April 2024 Letter

2024-05-09 12:00:00 ET

Summary

• Bronte Capital is an Australian-licensed and USA SEC-registered Global Fund Manager and focuses on generating alpha from both its long and short portfolio in a unique, uncorrelated and sustainable manner.
• In April the fund was flat (0.00%) vs. -2.79% for the globally diverse MSCI ACWI in .
• Notable winners were the short book and longs in Alphabet and Hibbett.
• Spirax and UBS were prominent losers.

In April the fund was flat (0.00%) vs. -2.79% for the globally diverse MSCI ACWI in . (For the Australian FY Amalthea is up 17.64% versus 15.37% for the ACWI). Notable winners were (i) the short book and (ii) longs in Alphabet and Hibbett. Spirax and UBS were prominent losers.

In our off-cycle February letter we noted that travel commitments did not permit a substantial quarterly letter. This month we are catching up....

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