13 Jul Q2 2020 Commentary
The Variant Alternative Income Fund (the “Fund”) returned +0.95% (institutional share class NICHX) in the second quarter of 2020, during a mostly risk-on recovery across financial markets. Over the quarter,...
Author: Variant Investments
06 Apr Q1 2020 Commentary
The Fund (NICHX) returned +1.15% in the first quarter of 2020 amid the unfolding COVID-19 pandemic and resulting market volatility. With the economic outlook swiftly deteriorating, the Fund underperformed investment...
14 Jan Q4 2019 Commentary
The Fund (NICHX) returned +2.67% in the fourth quarter of 2019, outperforming investment grade bonds and performing in line with high yield corporate debt and hedge fund indices. For the...
10 Oct Q3 2019 Commentary
Q319 Commentary The Fund (NICHX) returned +2.97% in the third quarter of 2019, outperforming investment grade bonds, high yield corporate debt and hedge fund indices. Over the trailing year ending September...
03 Jul Q2 2019 Commentary
Q219 Commentary The Fund (NICHX) returned +2.97% in the second quarter of 2019, outperforming high yield corporate debt and hedge fund indices but underperforming investment grade bonds by a small margin. ...
05 Apr Q1 2019 Commentary
The Fund (NICHX) returned +3.07% in the first quarter of 2019, outperforming investment grade bond and hedge fund indices, but underperforming high yield corporate debt. Over the trailing year, the Fund was up...
04 Jan Q4 2018 Commentary
The Fund (NICHX) returned +2.27% in the fourth quarter of 2018, outperforming investment grade bond, high yield and hedge fund indices. For the full year 2018, the Fund was up...