NICHX Commentary


The Variant Alternative Income Fund (the “Fund” or “NICHX) returned +2.72% in the fourth quarter of 2023, during a period of positive performance across asset classes. Over the past quarter,...


The Variant Alternative Income Fund (the “Fund” or “NICHX) returned +2.29% over the third quarter of 2023 in a period marked by uncertainty in the equity markets, falling bond prices,...


The Variant Alternative Income Fund (the “Fund” or NICHX) returned 2.08% in the second quarter of 2023 in a period of mixed performance across traditional markets.  Over the quarter, the...


The Variant Alternative Income Fund (the “Fund”) returned 2.09% in the first quarter of 2023, in a period of largely positive performance across traditional markets.  Over the quarter, the Fund...


The Variant Alternative Income Fund (the “Fund”) returned 2.20% in the fourth quarter of 2022, in a period of positive performance across markets.  Over the quarter, the Fund outperformed investment...


The Variant Alternative Income Fund (the “Fund”) celebrated its 5-year anniversary at the end of the third quarter.  Over the history of the Fund, the portfolio has delivered an 8.92%...


The Variant Alternative Income Fund (the “Fund”) returned +1.99% in the second quarter of 2022, during a period of extended market volatility across asset classes. Over the quarter, the Fund...


The Variant Alternative Income Fund (the “Fund”) returned +2.01% in the first quarter of 2022, during a period of sharp market volatility across asset classes. Over the quarter, the Fund...


The Variant Alternative Income Fund (the “Fund”) returned +2.18% in the fourth quarter of 2021, during a period of modest market volatility across asset classes. Over the quarter, the Fund...


The Variant Alternative Income Fund (the “Fund”) returned +3.12% in the third quarter of 2021, during a period of heightened market volatility across asset classes. Over the quarter, the Fund...