We hope this quarterly report finds you well. As we move through 2024, we’re pleased to share with you the results of our continued efforts and the performance of your investments.

Market Summary

The U.S. stock market navigated a complex landscape in Q2 2024, characterized by moderate volatility and mixed economic signals. Despite ongoing challenges, major indices showed resilience, with the S&P 500 posting modest gains.

Key highlights of the quarter include:

• Tech sector outperformance: Large-cap tech stocks continued to lead the market, driven by advancements in AI and cloud computing.
• Interest rate stability: The Federal Reserve maintained its cautious stance, keeping interest rates steady after the series of hikes in previous quarters.
• Energy sector fluctuations: Oil prices experienced significant swings due to geopolitical tensions and shifting supply dynamics in major producing countries.
• Emerging market opportunities: Developing economies showed signs of recovery, attracting increased investor attention and capital flows.
• Cryptocurrency resurgence: The digital asset market saw renewed interest, with Bitcoin and other major cryptocurrencies recording substantial gains.

These factors contributed to a dynamic market environment, presenting both challenges and opportunities for investors across various asset classes.

 

Derivatix Performance

Derivatix Capital Management continues to deliver strong results for our investors, outperforming broader market indices across multiple time frames. Our fund’s performance remains robust, with a remarkable 263.9% return since inception, showcasing the effectiveness of our long-term strategy.

In the short term, we’ve demonstrated our ability to navigate recent market conditions successfully, achieving a 3.31% return over the past three months. This is particularly noteworthy given the challenging and volatile market environment.

Our 1-year return of 17.0% is especially impressive, significantly outperforming the broader market indices. This result underscores our team’s expertise in identifying opportunities and managing risk effectively.

At Derivatix, we remain committed to our core investment philosophy, focusing on rigorous analysis and a long-term perspective. Our consistent performance across various market cycles reflects the strength of our approach and our dedication to delivering value for our investors.