The portfolio had another great month, logging in a good ~11% returns for the month. The benchmark returned ~7% and hence there was a good ~4% alpha by the fund for the month. Portfolio companies continued to report strong earnings growth and that in a major way, contributed to these returns. Abakkus Fund continues to be optimistic about its portfolio holdings and have not materially changed the portfolio construct.
Abakkus Asset Management alternative investment funds (AIFs) provided investors with a positive return in 2020. The Abakkus Emerging Opportunities Fund 1, popularly known as AEOF, returned 51 percent in CY20. On the other side, Abakkus Growth Fund – 1 (AGF) saw a year-over year increase of 28 percent. Regardless, both closed-ended category III AIFs outperformed their respective benchmarks and markets.