We have seen a meaningful drop in equity markets in February. It was a volatile month for stocks. AlphaTower finished the month sharply lower, -11.4%. We are confident that we will win more in good times and lose less in bad times.

Investors enjoyed a year that saw a positive return for nearly every global equity market. While many of the global stock indices were unable to record a positive performance in the first month of this year, AlphaTower achieved a 0.8% return.

Today, we are excited to inform you that AlphaTower has achieved a 5.3% return in December 2019, bringing the return since the start of AlphaTower (30 April 2019) to 18.0% and the 2019 full-year return to 33.1%.

We are pleased to inform that AlphaTower Fund has achieved a 4.1% return in November 2019. We are incredibly proud and delighted of the performance. We are confident that we will win more in good times and lose less in bad times.

n our previous monthly report we stated that October and the stock market are generally not a happy pair, yet stocks have been grinding sideways for October and AlphaTower has remained unchanged: 0% versus MSCI Global Stock Index + 0.2%.