PARIS — Seraphim Space Investment Trust has stayed the course so far in a down market, re-investing in companies whose public stock has declined and finding deals among privately held startups.
But a down market is a down market and Seraphim’s performance in it, while not bad, reflect the broad declines in tech startups generally, space startups in particular, and especially startups that have made public-stock introductions.
Seraphim Chief Executive Mark Boggett in March explained the trust’s investment philosophy and why short-term market . . .
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