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2016 was clearly an interesting year for all traders; Russia, China, Brexit and the US elections.  It certainly provided us with alot of volatility, however, what was difficult at times was that the volatility was irrational and we couldn’t make sense of it.

The year was driven by what central bankers were saying, politicians sparring and the rise of populism.

We executed a total number of 56 trades and withdrew 22 trades.

We now have an audited absolute return of 117.28%.  Although, it is significantly lower than the 178% we achieved in 2015, we are still higher than our long term absolute return objective of 88%.

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