Most major equity market indices were flat during the month of May. Equity markets have shown further weakness during the first three weeks but were able to recover during the last week of the month. The US Consumer Price and Producer Price Index have shown significant price increases of 8.3% (YoY) and 11.0% (YoY) respectively. Weak consumer demand had a negative impact on retail profits. A tight oil market led to a further increase in the price of Brent from $ 109.34 to $ 122.84 by month end. The energy equity market segment was able to gain. Within shipping MR product tanker rates have furtherer strengthened by another +27% (MRs). Capesize-rates increased to around $29k/day. LNGC Spot rates increased $ 48k/day to $ 89k /day. The LPG market has further strengthened with VLGC spot rates increasing from $38k/day to $48k/day. Within transportation the aviation equity segment was weak. The overall fund performance was positive. Short positions have in aggregate contributed negatively.

For more information you can find our latest Fact Sheet – May 2022.

Seahawk Investments GmbH

This document is a customer information (“CI”) within the meaning of the German Securities Trading Act, the “CI” is addressed to natural persons and legal entities with their habitual residence or registered office in Germany and is used exclusively for informational purposes.

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Editor: Seahawk Investments GmbH, Feldbergstrasse 57, 61440 Oberursel, Germany acts as a tied agent (section 3 (2) German Wertpapierinstitutsgesetz (WpIG)) on behalf of, in the name of, for account and under the liability of the responsible legal entity BN & Partners Capital AG, Steinstrasse 33, 50374 Erftstadt. BN & Partners Capital AG has a corresponding license (section 15 WpIG) from the German Federal Financial Supervisory Authority (BaFin) for the provision of investment advice in accordance with section 2 (2) no. 4 WpIG and investment brokerage according to section 2 (2) no. 3 WpIG.