12 Jul Q2 2021 Commentary
The Variant Alternative Income Fund (the “Fund”) returned +3.49% (institutional share class NICHX) in the second quarter of 2021, during a period of risk on activity with consistent market volatility...
The Variant Alternative Income Fund (the “Fund”) returned +3.49% (institutional share class NICHX) in the second quarter of 2021, during a period of risk on activity with consistent market volatility...
The Variant Alternative Income Fund (the “Fund”) returned +2.98% (institutional share class NICHX) in the first quarter of 2021, during a period of heightened market volatility across asset classes. Over...
The Variant Alternative Income Fund (the “Fund”) returned +2.25% (institutional share class NICHX) in the fourth quarter of 2020, during a period in which risk assets performed well. Over the...
The Variant Alternative Income Fund (the “Fund”) returned +1.41% (institutional share class NICHX) in the third quarter of 2020, during a period in which risk assets generally performed well. Over...
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,...
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...
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...
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...
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. ...
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...