February 2021 Reflection
“Everyone has a plan until they get punched in the mouth”
February was a bit more rough. The economy is still attempting to recover from the COVID pandemic. Additionally, fears of inflation did not help. This month gave the market a double blow; first the market reacted violently to comments made by Fed Chair Jerome Powell concerning inflation. Second, yields on 10-year Treasury bonds rose to new levels, which once again caused a heavy rotation from the tech sector. These fears continue in March, but February was just the beginning. If the government doesn’t act, this market slide could continue into correction territory (decline of 10% or more). Fortunately, with our experience with the “Reddit Gang” last month, I was prepared.
We were able to close the month without incident (read: a margin call). With February in the books and Craw Park Capital (CPC) standing strong at 6.29% (9.82% YTD), I feel relieved and proud! Risk management is key when you manage the capital of others and we were able to protect our investors from the storms of the market.
As always, I couldn’t do this without wonderful investors who believe in the vision + the executive team of CPC! Thank you to everyone who has supported us thus far!
Thank you again for sharing your most precious asset: time.
PS: If you would like to help us - please tell someone about our hedge fund, forward this website to a family member or friend, & if you're connected to an institution that invests (think college endowment or teacher retirement fund, etc.) please introduce us - we want to help as many people as possible!
Johnathan L. Manning
Founder & CEO
Craw Park Capital
912.434.4834
...Better to Show, than Tell.
www.CrawParkCapital.com