Please find below the net returns for December 2025 and a brief annual review.
As expected for December, a hard month to trade knowing you want to close all trades if possible and turn off strategies whilst the market begins to become less liquid each day the holiday period gets closer. Hence little trade this month.
Tough year to trade as we had to turn off our strategies a number of times due to large news events which were Trump news events. But as we now reflect, the world economy did not break because of it. We now live in a society that we act on news only 5 minutes old and project outcomes without waiting to see. We receive too much information/data/news and it is hard to judge what is noise and what we should listen/take note of.
The other hard part of trading this year was markets waited for Trump news and ignored other typical economic news events. It was really a day traders/news event traders’ year. Whilst they were trading, we were limiting our strategies exposure to these Trump news events. But as the year rolled on, Trump news had less effect as the market realised most of the time there was no follow through of the announcement.
Our team is proud of how we traded and performed as we always put risk first and returns second. Whilst we might be overcautious at times, this has led our strategies to thrive in conditions suited to them and continue to produce positive returns each year.
We appreciate your support and as always if you have any queries, please do not hesitate to reach out. We will look to turn strategies on 2nd or 3rd week of January depending on where markets are.
