Bayou City Capital May Update
Bayou City Capital returned an estimated +0.65% in May after fees and expenses, raising 2017 performance to +7.3%. The narrative for this year continues, with U.S. equities displaying the lowest realized volatility seen in over a decade. Political turbulence may create short-term bursts of panic, but any such events are quickly swallowed up in the market's positive sentiment. In this environment, one of very low option prices and random effects from Washington, the Fund will implement its strategy in a cautious manner.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.