Derivatix First Option Fund, LP proudly posted 17.16% after-fee return on investment in 2015 while it was only in operation for 4 months. We would like to thank our initial investors for their trust. Hope they enjoyed the return. We also welcomed new investors who joined us for the new round of operation. Their contribution leveled up the Fund’s capital to more than double.
So how was January 2016? Well, after sitting peacefully on cash in December, we got back to business in January which was not an easy return. January was a very volatile month as was December. The difference was that, in December we were only watching other players fight each other, yet in January we were in the middle of the battlefield.
In this month, all indices in our study finished in red. For instance, Financial Select Sector ETF (XLF) and NASDAQ lost 9% and 7% respectively. We decided to be more cautious and take less risk. This approach helped us to finish this month with a moderate return of +3.5%. Not easy at all. Inevitably we’ll face few negative months down the road throughout this tournament. It won’t be a smooth ride.
Anyway, we revised our monthly report slightly here. To make this note short, the changes are explained in the comments.