Signum Special Investment Funds began operations at the end of September 2024, meaning by May 2025, the funds will have been operating for 8 months. This article examines the performance of Signum Funds in the investment markets during these 8 months. The period has been exceptionally interesting, with significant developments related to the general economy, market trends, geopolitics, and factors linked to the Funds' investment themes, such as regulation. The article will begin by reviewing the Funds' returns and comparing them to the returns of typical asset classes and markets. Following this, it will briefly describe the performance of each fund relative to its investment objectives in terms of both return and risk during the spring, which proved to be a clear challenge for investors. Finally, there will be a brief update on the Funds' liquidity risk at the end of May.