TSLA - Blue Tower Asset Management Q2 2024 Commentary

2024-07-18 12:10:00 ET

Summary

• Blue Tower Asset Management is an investment advisory which provides separately managed accounts. Blue Tower's approach to value investing combines proprietary screening algorithms which identify potentially attractive investments with fundamental research that seeks to determine if the stock is truly a bargain and not a value trap.
• The Blue Tower Global Value strategy composite had a relatively weak Q2 with a loss of -5.89% despite broad market indices having a gain.
• Small-cap and value stocks have had an overall flat performance this year to the end of Q2.

The Blue Tower Global Value strategy composite had a relatively weak Q2 with a loss of -5.89% (-5.63% gross) despite broad market indices having a gain. Sanctions have frozen our Russian investments, leading to high levels of dispersion among accounts in the composite, so please rely on your account statements for your individual investment performance. Our portfolio was affected by declines in small-cap and value stocks and also a decline in the Georgian stock market....

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