Dane 1Q Partners Letter

Dear Partner: We’re disappointed to report that in the 1 st quarter of 2018, Dane Capital Management (the “Fund”) generated a loss of 14.7%, net of fees and expenses. We certainly hoped to continue the momentum the Fund enjoyed last year, in which it produced a 50.2% return, net of fees and expenses. However, as we’ve stated, both when results have been disappointing or strong, Dane’s performance should be judged Continue Reading →

Dane Capital Full-Year Letter To Investors

Dear Partner: We’re pleased to report that in the 4th quarter of 2017, Dane Capital Management (the “Fund”) returned over 19.2%i , net of fees and expenses, resulting in the Fund generating a 50.2% return for the year, net of fees and expenses. We run a concentrated, value-oriented portfolio and our goal is always to have good months and good quarters. However, as we’ve stated, both when results have been Continue Reading →

Dane Capital Management Q3 Letter To Investors

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 →

Dane Capital Full-Year Letter To Investors

Dear Partner: We’re pleased to report that in the 4th quarter of 2017, Dane Capital Management (the “Fund”) returned over 19.2%i , net of fees and expenses, resulting in the Fund generating a 50.2% return for the year, net of fees and expenses. We run a concentrated, value-oriented portfolio and our goal is always to have good months and good quarters. However, as we’ve stated, both when results have been Continue Reading →