Dear Investor, The first half of 2018 was marked by a sudden end to investor complacency in early February, but the following four months saw markets return to positive returns and investor optimism. As you can see in your enclosed statement, we had an outstanding second quarter and first half the year. Full letter available for subscribers below:
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Updates on two positions from the Stanphyl Capital May 2018 letter: Please login to view the rest of this article – Not subscribed? Get our adfree exclusive content for only a few dollars a month. It also helps us fund our operations so think of it as supporting quality journalism.
Dear Partners and Friends, Well, that was an interesting end to the quarter. Trade wars, Presidential tweets, administration shake-ups… the markets hate uncertainty, and this quarter delivered it in spades. Much of this is meaningless to us, given our 10-year investment lens. However, these events certainly cause volatility in the short-run, often driven by those without the luxury of the time horizon we have, who are trying to “trade around” Continue Reading →
Dear Partner, Hazelton Capital Partners, LLC (the “Fund”) gained 1.8% from January 1, 2018 through March 31, 2018 and has returned 132% since its inception in August 2009. By comparison, the S&P 500 lost 0.8% in the same quarter and has returned 203% since the Fund’s inception. The Quarter in Review – Position Updates Hazelton Capital Partners ended the 1st quarter with a portfolio of 17 equity positions and a Continue Reading →