IAC - Nomadic Value Investment Partners Q3 2021 Investor Letter
- Nomadic Value Investment Partners is a d/b/a of Ashdon Investment Management, LLC, an SEC-registered investment adviser founded in 2002. Joshua D. Collinsworth directs all research and portfolio management activities for NVIP.
- A representative account invested in the Nomadic Value Partners equity strategy decreased -6.5% net of fees in Q3 versus +0.6% total return for the S&P 500 Index.
- Most dollar losses in the quarter came from Oak Street Health and IAC Corp, and slight gains came from Charter Cable.
- Our healthcare exposure was a major detractor in the quarter with the market hitting the sell button on any companyin the sector.
For further details see:
Nomadic Value Investment Partners Q3 2021 Investor Letter