I invested in the APSEC hedge fund back in 2020 just after they outperformed strongly in the COVID19 crash. They have managed to about match the ASX 200 over time with somewhat lower volatility:
They tend to outperform in bear markets and under-perform in bull markets. Since investing, I have only gotten a 5.9% internal rate of return, which is below average. The median IRR of my current investments is 9%. I would have done better by investing more in the Aspect Diversified Futures Fund instead, which has similar hedging properties, where I have had a 22% IRR. We have 2.47% of net worth in the fund all of it within the SMSF. I submitted a redemption notice for all of our holding today.
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