MAXIN GLOBAL FUND - USD is a Long / Short Directional hedge Fund incorporated in Luxembourg. It started trading on February,22 2022 and replaces MAXIN ADVISORS' MODEL PORTFOLIO which has been trading since January 1st 2014. At MAXIN ADVISORS, we manage FULLY TRANSPARENTLY and publish the transactions on a DAILY basis and the details of the portfolio on a WEEKLY basis.
Bloomberg LP published yesterday the list of the world’s top performing hedge funds.
With a + 41.12 % net performance in 2022 with only 10 months of management,
MAXIN GLOBAL FUND – USD Standard Class – C ranks FIFTH Best performing hedge fund worldwide, between Rokos Macro Fund who delivered + 51 % over 12 months and Citadel Wellington Multi Strategy Fund who grew +38 % over the full year 2022.
This confirmed by the HFR Rankings of 2022
It will be interesting to see how we end our first 12 months period at the end of February 2023.
MAXIN GLOBAL FUND – USD
Transaction List 24 Jan 2022
As we expected, the markets are turning eight in the publication of Microsoft’s earnings which confirmed the significant downturn in global business conditions in the tech industry and the sharp slowdown in their cloud computing growth segment. Microsoft reported a -6 % decline in its Earnings per shares when compared to the same quarter of the previous year after the close and the stock fell back sharply, taking the indexes with it.
Another piece of bad news today was the US Justice Department and eight US states suing Alphabet Inc.’s Google, calling for the break up of the search giant’s ad-technology business over alleged illegal monopolization of the digital advertising market. Alphabet extended declines on the news, dropping as much as 2.5% to touch a session low. The stock slid 23% in the 12 months ended Monday, underperforming the Nasdaq 100 Index.
As the world equity markets are topping out and losing momentum, we took profits in our long position in. the Japanese Nikkei 225, added to our short position sin our two German re-insurance companies and are stopped out on our long position in ATOS of France and our short position in JNJ of the US, which also reported a -5 % decline in its earnings when compared to the same quarter of the previous year and a paltry 3 % growth in its full year earnings, to be compared to its 20x P/E ratio.
Finally, we added a new position going long Natural Gas in the US, a space where we have made very good profits in 2022 shorting the future at unrealistic prices.
Natural Gas Prices are back below their trading levels of before the Ukraine war as supported,y chains disruptions have been all wrung out and the world is experiencing one of its warmest winter on record.
New Asset Allocation
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