Vailshire Partners Hedge Fund Client Memo — 1Q 2022

To clients and friends of Vailshire Partners LP hedge fund: The fourth quarter of 2021 started with a bang before ending with a whimper The Federal Reserve just made a critical policy error, bringing back unpleasant memories of 4Q 2018 Unfavorable economic indicators mean a material shift in investment strategy for Vailshire Partners LP throughout 2022 Performance Review From Bullish …

January 2022 Update for Vailshire’s Separately Managed Account Clients

Merry Christmas and Happy New Year to each of you! I hope that each of you has had a fantastic end to 2021, which proved to be yet another interesting and unusual year. Current Market Conditions Inflation appears to have peaked in the fourth quarter of 2021 and is likely to decelerate year-over-year, yet remain relatively high for the first …

November/December 2021 Update for Vailshire’s Separately Managed Account Clients

Thanksgiving has come and gone and already Christmas carols are playing 24/7 on most radio stations! The holiday season is upon us. I hope each of you is doing well. Current Market Conditions After approximately 18 months of accelerating inflation, my data suggests that the United States may have peaked in this 4th quarter of 2021. Going forward, I expect …

October/November 2021 Update for Vailshire’s Separately Managed Account Clients

It’s hard to believe that November is already here. Thanksgiving and much colder temperatures (at least here in Colorado) are just around the corner! I hope all is well with you. Current Market Conditions As expected from Vailshire’s prior market forecast, the September doldrums gave way to October optimism. At the time, many hedge funds and other large institutional investors …

Vailshire Partners Hedge Fund Client Memo: End of 3Q 2021

Dear client or friend of Vailshire Partners LP hedge fund, The third quarter of 2021 was volatile across most asset classes. After a solid performance in July and August, September ended (as expected) with a thud. Read on to see how our fund performed, as well as our outlook for the coming months! Current Market Conditions From Indecisive to Decisively …

September/October 2021 Update for Vailshire’s Separately Managed Account Clients

Happy Autumn! The leaves are just starting to change color here in the Springs and the weather remains beautiful. It’s hard to find anything to complain about. I hope each of you is doing well. Current Market Conditions Inflation continues to remain frustratingly high and is even accelerating… it looks less and less “transitory” by the day. This has specific …

August/September 2021 Update for Vailshire’s Separately Managed Account Clients

To Separately Managed Account Clients of Vailshire Capital Management The intense August heat is already a distant memory here in Colorado Springs. Much to their chagrin, our kids have been back in school for several weeks already… Autumn is just around the corner! I hope each of you is doing well. Current Market Conditions The Covid virus is officially endemic, …

July/August 2021 Update for Vailshire’s Separately Managed Account Clients

Summer is in full swing and Colorado Springs is enjoying its wettest season since the late 1940s. We’re not used to all of the green grass and tree leaves around here, but I’ll take it! I hope each of you is enjoying some time outdoors with your family and friends. Current Market Conditions Inflation is still the primary economic story. …

Vailshire Partners Hedge Fund Client Memo: End of 2Q 2021

Dear client of Vailshire Partners LP hedge fund, The second quarter of 2021 was a tumultuous time across several market sectors, but none more so than in Bitcoin, which was recently “kicked out” of communist China! — Read on to see how this development affected our returns. Communist China Kicks-Out Bitcoin One of the biggest criticisms among Bitcoin’s detractors has …

June/July 2021 Update

As Independence Day approaches here in the United States I am grateful to all of you who strive for freedom, whether in word or in deed. Current Market Conditions For the past few quarters, the return of inflation has been a key investment theme. Inflation acceleration or deceleration drives long-term Treasury rates, as well as commodity prices, including oil, copper, …