Q3 Performance Report.pdf

Greenhaven Road Partners Fund 2020 Q3.pdf
Preview of Q3 Performance Report
🔗 Source: static1.squarespace.com
📊 Size: 254 KB
👤 Author: Scott Miller
⬇️ Downloads: 56

Summary

The Partners Fund returned +17.5% in Q3, with year-to-date performance at +6.4%. One of the worst performing underlying funds is Arquitos Capital, which has had three rough years, but the manager's past track record and investment strategy suggest potential for long-term outsized returns. Arquitos focuses on small cap value and complexity, with a concentrated portfolio of hidden assets mispriced due to GAAP accounting vagaries. Despite recent underperformance, the fund meets the Partners Fund's criteria, including a one-person investment committee, concentrated holdings, and significant personal investments. Holdings like Enterprise Diversified and Westaim demonstrate potential for intrinsic value not reflected in current share prices.

Description

The Partners Fund returned +17.5% in Q3, with year-to-date performance at +6.4%.

Technical Information

  • File Format: PDF
  • File Size: 254 KB
  • Pages: 4
  • Language: EN
  • Author: Scott Miller
  • Total Downloads: 56
  • Last Updated: 2 weeks ago

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