ACCRE January Report

This was one of those months when the diversification benefit of ACCRE only partially attenuated the problems with the S&P.  As you may know, the S&P 500 was really on a tear  until the last week of January, then for a variety of macro reasons, simply fell out of bed.  ACCRE was similarly doing quite well, and also fell, although not quite as badly.  Net returns for the month for the S&P were -0.16%, and for ACCRE -0.13%.

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Peeking ahead, I can tell you that ACCRE has washed away all the negative ink thus far in February, and if trends continue should hit a new all-time high this month.  I’ll keep you posted!