Author — Martin Young, CEO of Farringdon Asset Management

Global Macro Review

• Major markets rallied while crude prices consolidated.

• Major driver for the rally is linked to Nvidia AI play.

• Nvidia is now worth more than 2 trillion USD and has positioned itself as the 4th largest company in the world.

• Revenue Doubled in 2023 to USD 60 Billion.

Farringdon View On the Semi-conductor Market

• Semi-Conductor stock prices are overly extended and is bound for a retracement.
• Advisors should keep a close lookout for any downside movements as many advisors have jumped on the bandwagon.

Review On Coleman Fund Strategies

• Back tested data showed that the bond and equity fund by Coleman has outperformed their benchmarks.
• The long-short strategy has performed well.
• For the Coleman fixed interest strategy, annualised volatility is relatively close to the bond index and long short index. Thus, the risk is controlled well.
• Currently, the main Issue with the fund is the Total expense ratio.
• It is normal for new funds to have a higher TER ratio as AUM is low.
• Coleman fund managers intends to keep volatility and fees down to a minimum.
• Farringdon estimates that it will take about 3 months for the TER ratio to dip to under 2%.
• Farringdon will add the bond and equity funds into its fund panel when the product is launched.

Our Key People

Contact Us

Farringdon Capital Ltd is incorporated in the Dubai International Financial Centre (DIFC) under number 4190, and regulated by the Dubai Financial Services Authority (DFSA).

The information contained in this document is for information only and should not be taken as a recommendation to buy or sell. Investors are reminded that past performance is no indication of future performance.