Tantallon Tech & Sustainability Fund Report, January 2025

The fund corrected hard after a strong positive start to the year in reaction to the Deepseek reveal and posted a 0.4% decline, which was relatively muted as Taiwan was still on lunar New Year holidays.

The markets initially reacted badly to the eye-popping performance/cost reveal of the Deepseek R1 reasoning App and the SOX ended up dropping 10% on January 27th with NVDA sinking 17% that day and correcting a full 26% from its January high during the following week.