Blue Tower Asset Management’s Q3 2023 Investor Letter

Blue Tower Asset Management, an investment Management Company, released its third quarter, 2023 investor letter. A copy of the same can be downloaded here. In the quarter, the Blue Tower Global Value had a -2.19% return net of fees (-1.94% gross). The rates on US government treasuries rose sharply this quarter as the Federal Reserve pushed back their predictions for interest rate decreases. This drop in long-term bond prices triggered a selloff in equity markets. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.