2020 YTD update(Jan-Feb)

LEL made 26% return for its clients from Jan 2020 to Feb 2020 while S&P 500 downed 9% and HSI downed 9%.

Our long position returned 4.2%, the short position returned -0.5% and the hedging position returned 22.2%, demonstrating our superior portfolio management capability and risk awareness ahead of the market.

We think the virus situation is short to mid-term impact and the best way to play out is buying great companies and hedge with index put option. Don't trade!