Is Interactive Brokers Group (IBKR) Resilient to the Adverse Effects of the Trade War?

Hinde Group, an investment management company, has released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned -0.50% (gross) and -0.87% (net) compared to -4.27% for the S&P 500 Total Return. Upon taking office on January 20, Trump immediately began implementing his policy agenda. The President’s trade policies weighed on financial markets in the quarter. You can check the fund’s top 5 holdings for its best picks for 2025.

In its...