We don’t normally put our performance on the website, however, we wanted to share how our Active Management performed in a challenging environment for the first quarter.
On the whole, the equity programs and our hedged and alternative programs performed much better than their benchmark
The bond program did not perform as well in the month of March. The volatility in the bond market caused us to move out of riskier credits. As the bond market was declining, we took risk off and moved to safer bonds just when the Fed started their bond backing; the corporate bond market subsequently rebounded. Even with that the mutual funds that we owned did not rebound with the same force as our benchmark (AGG).
We still think this is the right move as corporate credit has a good chance of breaking down the deeper, we go into a recession. Time will tell, however.
This is also the reason why the conservative and moderate risk allocations lagged their benchmarks–they are more heavily weighted to bonds.
CrossPoint Wealth Q1 Program Performance
CrossPoint Wealth
Benchmark
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