New York, NY – An investment update provided by LRT Capital showed positive results for the month of June. The LRT Global Opportunities strategy saw a return of +0.87% for the month, bringing the year-to-date results to +12.43%. The strategy aims to generate positive returns while minimizing downside risks and maintaining a low net exposure to equity markets.

Attribution analysis revealed that the June return was driven by 0.58% from market beta and 0.29% from alpha generation. Despite underperformance from long positions, gains from shorts helped offset losses. Noteworthy gainers on the long side included Taiwan Semiconductor Manufacturing (TSM), Toro Co. (TTC), and Wyndham Hotels & Resorts, Inc. (WH), while losses were incurred on Albemarle Corporation (ALB), Ball Corporation (BALL), and Deckers Outdoor Corp. (DECK).

The current low market beta reflects caution towards the overall market environment. The portfolio manager, Lukasz Tomicki, expressed gratitude for the trust placed in him to manage investments. Clients were encouraged to reach out with any questions or concerns.

Please see the end of the letter for full disclosures and additional information on the investment strategy. With results as of 6/30/2024, the strategy’s performance over various time periods was also provided for reference. It is important to note that past performance is not indicative of future results.