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The AES Corporation (AES) Sold Off in Q3 Due to Interest Rate Environment - Yahoo Finance

Massif Capital, an investment management company, released its “Massif Capital Real Assets Strategy” third-quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy returned -4.6% net of fees bringing YTD returns to -8.73% net. The long book declined by 6.92% while the short book rose by 2.7%. Losses in the long book were driven by a significant decrease in the price of the fund’s exposure to the Industrial, Materials, and Utilities sectors. The Energy sector was the only bright spot in the quarter, along with the short book. In addition, you can check the top 5 holdings of the strategy to know its best picks in 2023.

Yahoo     Nov 03, 2023