GAPFF - Mittleman Investment Management 1Q18 Commentary
By VW Staff
Mittleman Investment Management commentary for the first quarter ended March 31, 2018.
Mittleman Investment Management, LLC's composite declined 11.3% net of fees in the first quarter of 2018, versus declines of 0.8% in the S&P 500 Total Return Index and 0.1% in the Russell 2000 Total Return Index. Longer-term results for our composite through 3/31/18 are presented below:
The top three contributors to our Q1 2018 performance were CMIC Holdings (2309 JP): $17.93 to $25.38 (+42%), Sberbank (SBRCY): $17.03 to $18.65 (+10%), and Intralot (IRLTY) (INLOT GA): $1.36 to $1.41 (+4%).
CMIC