March 2019 Commentary

March 2019 was the third consecutive month of gains for North American equity indices, capping one of the strongest ever starts to a year. Of course this reversed one of the worst ever finishes to a year so if you were an index investor you could have taken the last half year off and saved yourself the stress. March also represented the third consecutive month of gains for our investors in each of our two long short equity hedge funds at Forge First, though during March we admittedly found ourselves at odds with the engine that was driving this rally. Our Long Short LP CL F Lead Series (“FFLSLP”) returned +0.49% net of fees while the Multi Strategy LP CL F Lead Series (“FFMSLP”) gained +0.37% post fees. Similar to the previous month positive drivers of this performance were generated from a wide range of industries to be discussed later. 

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