Alluvial Capital Management Q2 Letter To Investors

Dear Partners,

The quarter just ended was a lackluster period for Alluvial Fund, LP. While market indexes turned in respectable gains, Alluvial declined 0.8%. Though certainly frustrating, this is not at all unusual for a portfolio made up of esoteric and obscure holdings. As I have often stated, partners should expect to experience periods of uninspiring returns in the pursuit of superior long-term results. Now and then our holdings will zig as the market zags. I pay little mind to the short-term movements of the securities we own, provided the underlying companies are performing as expected. In that regard, our holdings have been wholly satisfactory. The market eventually rewards successful businesses.

Please login to view the rest of this article - Not subscribed? Click here to start your free, 5-day no obligation trial today!

Leave a Reply

Your email address will not be published. Required fields are marked *