Moriah Global May Growth

 

Good news is that our estimate for Moriah Global for May 2020, Nett of Fees, is 0.82% and YTD 5.46%. As mentioned previously we expect the Moriah Global USD growth to almost double as we have increased our exposure to very good hedge funds for the first time since the 2008 Crash, from 50% to 91%. We expect Moriah Global to grow with more than 15% (nett of fees) in USD for 2020, because of Rand Appreciation during May the fund had a drawdown of -5.0% in ZAR during May, but YTD it is still an Excellent 31.5% (nett of all fees) in ZAR.

 

Friendly greetings

Andre