“There are decades where nothing happens, and there are weeks where decades happen.” This is how Marcus Vance, the chief investment officer at Grace Capital, begins his monthly investment update newsletter.
Unfortunately, he has developed a habit of talking in trite, exaggerated sayings. Perhaps, this time, it’s appropriate. The Grace Capital Long-Short Australian Equities Fund is up 7.6 per cent in a month, easily beating the S&P/ASX 200 which rose only 1.8 per cent over the same period.
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