You can plan all you want, but sometimes you just gotta get started because things are often quite different when you get into the thick of things.
We launched our fund two weeks ago on May 1st, 2023. And boy, did we have a sharp learning curve! We planned and planned and planned with a detailed list of risk management strategies and work flows we thought would be ideal for us. We quickly saw that we needed to adjust. The first several days turned out to be daunting getting accustomed to the new trading platform and we made every logistical error you can imagine including a couple fat finger errors! Thankfully, those days are largely behind us.
We have gone on to make substantial changes to our work process and risk management strategies, the two most important things which will lead us to consistent returns and scalability. In the midst of week three now, we are starting to see the fruits of our labor. After a rough start, we climbed to break even by the start of week three and are now modestly in the green. Most importantly, we have finally settled into a groove with our work process and risk management strategies.
Our investors will receive specific updates on our risk-management and allocation strategies at month-end based on our early experience. They are all geared towards better risk-adjusted and cost-effective returns.
We look forward to scaling our business and sharing our story with you in the coming weeks and months. Stay tuned!
Ben Rabizadeh & Joseph Levy
ps: yeah, we can also see that annoying orange dash in the middle of the screen. To be addressed later!