S&C Messina Capital H1 - PDF can be found - HERE or in text below

To My Partners,

As of June 30, 2016, the partnership was up 10.24% YTD versus 3.84% YTD for the S&P 500. This represents an outperformance of +6.40% YTD. As we are outperforming the S&P 500, we are having a good year thus far. The market values of the P&C insurance carriers in our portfolio have appreciated steadily. However, we put little weight into our performance . . .

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