nysejoe
It seems that everyone has a blog these days. Once a year, we must stop everything, tally up the scores and see who got it right. Besides, what’s the point of going through all this effort, if you cannot point to your record of continuously nailing major trends and investment themes. Normally I publish the review a bit closer to the last day of the trading year, but I’m headed out to Sicily and then Malta for a well-deserved vacation. Don’t worry, I’ll post plenty of vacation pics…* Q3 2022 hedge fund letters, conferences and more Historically, the year-end review has focused on individual sto...
ValueWalk
Praetorian Capital commentary for the fourth quarter ended December 31, 2021. Q4 2021 hedge fund letters, conferences and more During the fourth quarter of 2021, the fund appreciated by 22.44% net of fees. For 2021, the fund appreciated by 142.87% net of fees. Given the fund’s concentrated portfolio structure and focus on asymmetric opportunities, I anticipate that the fund will be rather volatile from quarter to quarter. During the fourth quarter, our core portfolio appreciated moderately. Meanwhile, our Event-Driven Book produced a moderately positive return excluding one opportunity that ad...
ValueWalk
Arquitos Capital Management commentary for the third quarter ended September 2021, discussing their position in St Joe Co (NYSE:JOE). Q3 2021 hedge fund letters, conferences and more Arquitos Capital Management PerforamnceDear Partner: Arquitos returned -4.1% net of fees in the third quarter of 2021, bringing the year-to-date return to 45.1%. Making macro predictions is a difficult game to play. My view has always been to choose companies from a fundamental perspective, bottom-up, but look to the macro environment as a risk-control measure. There are times, however, when a macro view can be us...
ValueWalk
Praetorian Capital Fund commentary for the second quarter ended June 30, 2021. Q2 2021 hedge fund letters, conferences and more To The Investors Of Praetorian Capital Fund; During the second quarter of 2021, the fund appreciated by 23.96% net of fees. Given the fund’s concentrated portfolio structure and focus on asymmetric opportunities, I anticipate that the fund will be rather volatile from quarter to quarter. During the second quarter, our core portfolio appreciated considerably though there was a dispersion of gains with several large positions depreciating during the quarter. This perfor...
ValueWalk
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