Global markets were unnerved this month by a looming October government shutdown in the US, however, the shutdown was pushed out to December by a stop-gap agreement that managed to pass through Congress. A more comprehensive bill will need to be passed before December to avoid the potentially-catastrophic effects that would play out should the US government fail to meet their debt obligations. On the other side of the world fear of Evergrande’s contagion has made the market nervous.
My Alternative Investment Portfolio Performance
This month I have introduced a new platform – Hedonova. This provides everyone access to much-needed global alternative exposure which was missing for many people!
Crypto has given impressive returns this month with Bitcoin and Ether close to the all-time high levels.
Structured Lending Investment
12-13% (post tax)
Wealth Wint will be offering senior secured bonds in the future instead of the covered bond as they will be issuing public bonds as the minimum ticket for private issuance in INR 10 lakh now
Grip has come up with Inventory Financing Deals which are short duration
Klubworks recently got 20 mn USD funding.
New Pyse deal live in mid-October
All my cashflow in Klubworks, WintWealth,Pyse and GripInvest are as per plan
Invoice Discounting and Settlement Finance
Lendbox(settlement Finance + gold Loans)
TradeCred has now increased deals on platforms and now have UPI also as an option to transfer money
Lendbox settlement finance returns have been in line with expectations till now. Lendbox is waiving registration fees for all my referred users. Please contact you RM
Interest Only Loans (gold loans) on Lendbox are performing fine as of now
Global Alternative Hedge Fund
Quarter returns (since inception)
Hedonova had a great quarter with returns north of 30%! This was bolstered by a strong-up move in Crypto. Illiquid assets like a startup,wine,art, etc have valuation updated every 3 months hence quarter-end returns can seem higher than other months