During 2017, GrizzlyRock Institutional Value Partners, LP and GrizzlyRock Value Partners, LP (together “GrizzlyRock” or the “Fund”) returned 4.3% net of fees and expenses. Since inception, the Fund has returned 80.6% net of fees and expenses for a 10.4% average annual return to investors. 2017 performance was a tale of two periods. First half performance struggled, stemming from a handful of shorts and one long. In fact, first half 2017 Continue Reading →
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“The problem is to distinguish between being contrary to a misguided consensus and merely being stubborn.” – Robert Arnott and Robert Lovell Jr. The following table represents Logos LP’s 2017 total unlevered net return compared a basket of relevant indexes. The current price per unit (as of January 9th) is $26.19 compared to $19.15 as of December 30th, 2016: At 21.36% compounded annually, the fund is about 37% above the Continue Reading →
A new 4Q holding, and according to Dane’s investor presentation Andina Acquisition Corp II (ANDA), soon to be renamed LazyDays (LAZY) upon successful completion of the SPAC merger is one Dane’s top picks for 2018 and “a potential multi-bagger” according to the firm’s founder Eric Gomberg. Please login to view the rest of this article – Not subscribed? Get our adfree exclusive content for only a few dollars a month. Continue Reading →
Here is Dane Capital’s third-quarter letter to investors. This letter (published on 31 December) details Dane’s Q3 performance and since the end of September, returns have only improved. According to sources, Dane finished the year up over 40% net of fees and expenses. The Winner’s Curse: Paradoxes and Anomalies of Economic Life – 2001, Richard Thaler, 2017 winner of the Nobel Prize in Economics Dear Partner: We apologize for the Continue Reading →