Category: Bank Sector Commentaries

Bank Sector – Q1 2024 Commentary

April 23rd, 2024
For 1Q, the Bank Sector Strategy returned -2.38% (gross of fees) and -2.63% (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of -6.20%.  The portfolio outperformed as some of the late 2023 interest-rate-cut optimism came out of the banking sector to begin the year.  Additional performance information is included in the table below.…

Bank Sector – Q4 2023 Commentary

March 5th, 2024
For 4Q, the Bank Sector Strategy returned 22.45% (gross of fees) and 22.15% (net of fees) vs. the Russell 2000® Value Index Bank Subsector benchmark of 28.63%.  The portfolio lagged as banks with higher short interest, many which we believe may be permanently impaired, outperformed.  For the full year 2023, the Bank Sector Strategy returned…