IBKR - Merion Road Capital Q4 2024 Investor Letter
2025-01-16 10:40:00 ET
Summary
- The Merion Road Small Cap Fund similarly had a good quarter, up 5.5%, bringing our 2024 returns to 17.4%.
- The Long Only portfolio had good performance for the quarter and year, increasing 9.0% and 32.4% respectively.
- For the year, the risk-free rate account for 4.8% return, our market exposure added another 2.3%, and stock selection accounted for the balance of 10.3%.
Merion Road Small Cap Fund |
IWM (Russell 2000) |
Barclay Hedge Fund Index |
MRCM Long Only Large Cap |
SPY (S&P 500) |
Annualized Since Inception |
16.7% |
9.4% |
5.9% |
Annualized Since Inception |
14.6% |
13.5% |
Q4 2024 |
5.5% |
0.3% |
(0.1%) |
Q4 2024 |
9.0% |
2.5% |
2024 |
17.4% |
11.4% |
9.4% |
2024 |
32.4% |
24.9% |
2023 |
11.5% |
16.4% |
9.3% |
2023 |
38.7% |
25.7% |
2022 |
(16.9%) |
(20.4%) |
(8.5%) |
2022 |
(34.9%) |
(18.2%) |
2021 |
42.5% |
14.5% |
10.0% |
2021 |
20.4% |
28.7% |
2020 |
29.5% |
20.0% |
11.0% |
2020 |
54.3% |
18.3% |
2019 |
17.9% |
25.4% |
10.6% |
2019 |
25.2% |
31.2% |
2018 |
15.7% |
(11.1%) |
(5.2%) |
2018 |
(6.0%) |
(4.6%) |
2017 |
35.7% |
14.6% |
10.3% |
Dec 18 - Dec 31 |
0.1% |
(0.5%) |
2016 (Jul-Dec) |
1.3% |
18.7% |
5.4% |