Sunday, May 31, 2009

Moominmama Performance: May 2009

Moominmama gained 9.21% for the month. The MSCI World Index was up 10.08%. Both gains were in large part due to the fall in the US Dollar over the month. The MSCI gained 6.51% in local currency terms and 3.06% in Euro terms. As you can see, Sterling rose about 9% against the USD. All the same, this is by far the biggest one month recorded gain Moominmama has had. Asian and Brazilian equities were the outstanding performers with commodities (including managed futures) and hedge funds lagging. Moominmama is now down 20% from the all time peak value in June 2008. We were down 31% at the worst point in February 2009. Beta to the MSCI is estimated at 0.47 with an annual alpha of -3.35%.

It's looking like Moom and Snork Maiden's gain for the month was a bit above 7.1% and a loss in Australian Dollar terms though net worth increased. The MSCI in Australian Dolalrs gained 0.8%.

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