Bonafide Quarterly Webinar Q1 2022

Investors in the Bonafide Global Fish Fund have been rewarded for their patience. Cargill's entry into salmon farming in Chile through the acquisition of a 24.5% stake in Multi X has really kick-started the race to provide the most sustainable source of animal protein. Not only were we right in our stock selection (Multi X), but we pointed out months ago that supply growth would remain low for some time, which has already caused salmon prices to rise. After two lean years, we can see light at the end of the tunnel and are confident of “landing a good haul” for the next few years.

Quarterly update March 2022

Slide desk quarterly webinar March 2022

Previous webinars

July 14, 2025

Bonafide Quarterly-Update Q2 2025

Following a strong start to the year, the Bonafide Global Fish Fund came under pressure in the second quarter. The fund declined by −6.22% (EUR) in Q2 and −1.79% for the first half of the year. This development was primarily driven by geopolitical tensions and currency effects. Our portfolio companies remain operationally resilient. At the same time, attractive valuations, growing salmon exports to Asia, and dynamic investment activity in the aquaculture sector are opening up new opportunities for long-term value creation.

April 10, 2025

Bonafide Quarterly-Update Q1 2025

The Bonafide Global Fish Fund posted a positive performance of +4.72% in EUR over the first quarter of 2025, driven by an exceptionally strong January and a renewed investor focus on defensive real sectors such as Fish & Seafood. The fund confirmed its role as a stable satellite investment in a volatile market environment.

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