Northstar Global Flexible Strategy: Q2 2025 Commentary

As we cross the half way point of 2025 it is clear that this year has been defined by volatility - driven by markets, politics and geopolitics. Amidst this backdrop the Northstar Global Flexible Fund returned a solid 6.84% in USD in the second quarter outperforming Morningstar peer group by over 1%. Year to date the fund delivered 10.64% outperforming the peer group by over 5% and placing it in 8th percentile of Global Flexible peers. This is driven by stock selection.