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 Continue Reading →

GrizzlyRock 2018 Second Quarter Investor Letter

Fellow Partners, GrizzlyRock Institutional Value Partners, LP and GrizzlyRock Value Partners, LP (together “GrizzlyRock” or the “Fund”) increased 3.37% net of expenses during the second quarter of 2018. The long portfolio earned 10.3% gross as most investments posted solid quarterly earnings and the market viewed the reports favorably. As discussed on pages three and four, the Fund owned four individual positions which materially aided performance this quarter. While price levels Continue Reading →