Twelve Capital Event Update – 23 August 2021

Hurricane situation

At mid-day (local time) on Sunday 22 August Tropical Storm Henri made landfall at the border of Rhode Island and Connecticut on the US east coast. As the storm approached the mainland it weakened from a category 1 hurricane to a tropical storm, and continues to weaken into a tropical depression as it moves through New England and east into the Atlantic. Given the weakening of the storm and its landfall location Twelve Capital does not expect any impact on its positions.

As usual during this time of the year, there is a new disturbance off of the west coast of Africa. Current forecasts suggest a low probability that this will turn into a tropical storm during the next couple of days.

Twelve Capital continues to closely monitor any catastrophe events and will issue specific updates on any relevant new major events that occur.