We started Altaica Global Sustainable Long Short Equity Strategy on a relatively low level of leverage. In the first weeks we even didn’t take any leverage. During the month we build up the leverage up to 66%. We were able to make some market timing by increasing the leverage on week market moments. This all together resulted into a gain of more than 4% during March, by this we outperformed our benchmark by about 3%. The top performers in our portfolio were: Accenture (+8.02%), SAP (7.81%) and Lowe (+7.52%). At the other side we had also some positions which performed in a negative way; Applied Materials (-6.40%), Svenska Handelsbanken (-5.33%) and Walt Disney (-2.41%).