2024-04-12 12:15:00 ET
Summary
- Alphyn Capital Management LLC (“ACML”) is a registered investment advisor in New York. We help clients invest in high quality public companies to both preserve and grow their wealth over the long term.
- The Master Account, in which I am personally invested alongside SMA clients, returned 7.1% net in Q1 2024 vs 10.6% for the S&P500.
- The market has been on a tear and considering it’s an election year in the US, the government’s continued liquidity injections wouldn’t be entirely surprising.
- The crucial lesson I have learned with time is to avoid the lure of unnecessary complexity that often leads to unproductive outcomes.
Performance
As reported by our fund administrator, the Master Account, in which I am personally invested alongside SMA clients, returned 7.1% net in Q1 2024 vs 10.6% for the S&P500. As of March 31, 2024, the top ten positions comprised approximately 66% of the portfolio, and the portfolio held approximately 8.2% in cash.
QTD | YTD | 1-year | 3-years | 5-years | Inception | |
ACML | 7.1% | 7.1% | 16.4% | 1.6% | 4.0% | 6.7% |
S&P500 TR | 10.6% | 10.6% | 29.9% | 9.8% | 15.1% | 17.1% |
ACML performance is net of fees and standard costs. |
Operational update
It has been five years since the inception of Alphyn Capital Management, which I embarked on in January 2019 with my capital before officially registering as an investment advisor in April of that same year. As a registered investment advisor, I focus on two strategies for clients....
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For further details see:
Alphyn Capital Management Q1 2024 Letter To Investors