News

4.12.2020 Alpine Select Ltd.: Monthly Update November 2020

 

Alpine Select has published the monthly update November 2020.
Klick here to download the monthly report.

 

Alpine Select hat den Monatsbericht November 2020 publiziert (nur in Englisch).
Klicken Sie hier um den Bericht einzusehen.




Market commentary

Encouraging data on the COVID-19 Vaccine candidates have dominated the news of early November. All mayor indices jumped and extended their positive run through the month: S&P index +11%, Nasdaq +12% and Nikkei +15%.

 

We see this sentiment as positive. Additionally, we believe that by a more bi-lateral and embracing US political agenda under president-elect Joe Biden the global economy will find a favourable environment to put investments to work.

 

Portfolio commentary

Nishkama Capital Fund – a New York based long / short equity fund with a focus in the Technology, Media and Telecom sector – surpassed his single best month since launch and delivered exceptionally well in November with +14%. His single best month prior to that has been October 2020 (+6.7%).

 

Our trusted Japanese Managers could thrive in November’s positive environment. Yuki Japan Rebounding Growth Fund increased by +13% and Arcus’ Value Fund delivered +12%.

 

Portfolio activity

During the first half of 2020 we evaluated the potential of Crypto Assets as a stand-alone asset class within a contemporary investment portfolio.

 

In our opinion the macroeconomic situation, the global and unavoidable adoption of digitalization, the somewhat structural weakness of the US Dollar and nonetheless the existing ESG concerns refraining to own commodity-related assets as ‘store of value’ favors Crypto Assets.

 

Given that Switzerland is at the forefront implementing regulatory approved institutional solutions to this still young asset class we have learned three important lessons: (i) the crypto asset space is more mature than initially anticipated; (ii) the professionals we met are highly skilled and experienced and (iii) the asset class carries prospective benefits to a diversified portfolio.

 

Consequently, we have built an initial Crypto exposure of 3.4%.

 

For further information, please contact Claudia Habermacher (This email address is being protected from spambots. You need JavaScript enabled to view it.) or visit our website www.alpine-select.ch.

 

 

About Alpine Select
Alpine Select Ltd is an investment company domiciled in Zug and has been listed on the SIX Swiss Exchange since 1998. The company offers shareholders the key benefit of investing into a global diversified and CHF hedged alternative investment portfolio. The portfolio exposure is actively being risk adjusted to current market sentiment and outlook. The investment style is value oriented and the investments are selected based on the company’s target return of 6-8% p.a. above CHF risk free rate. Alpine Select maintains an active and constructive dialogue with management and board of directors of its portfolio companies in the best interest of its shareholders. Alpine Select does not charge any management or performance fees.