CA - Plural Investing Q1 2024 Quarterly Letter
2024-05-12 06:00:00 ET
Summary
- Plural Investing is a long/short hedge fund based in New York. We invest in businesses that we believe are worth substantially more than the price they are trading at.
- Plural Partners Fund L.P. delivered a gross return of -4.1% and net return of -4.3% in Q1.
- The fund focuses on value investing and seeks businesses that are undervalued and have strong fundamentals.
- Two investments, TerraVest and Currency Exchange International, have performed well and are expected to continue compounding earnings.
| Partnership (Gross) |
| Partnership ('Net') |
| MSCI World |
| Russell 2000 |
| MSCI EAFE Small Cap |
| FTSE AIM All-Share |
| 2020 1 |
| 122.9% |
| 97.1% |
| 46.8% |
| 72.9% |
| 55.0% |
| 87.8% |
| 2021 |
| 38.7% |
| 29.9% |
| 21.8% |
| 14.8% |
| 10.1% |
| 5.0% |
| 2022 |
| -32.0% |
| -32.7% |
| -18.1% |
| -20.4% |
| -21.4% |
| -38.0% |
| 2023 |
| -5.5% |
| -6.4% |
| 23.8% |
| 16.1% |
| 13.2% |
| -1.5% |
| 2024 |
| -4.1% |
| -4.4% |
| 8.9% |
| 5.2% |
| 2.4% |
| -3.1% |
| Annualized |
| 17.5% |
| 11.4% |
| 18.5% |
| 17.8% |
| 11.7% |
| 3.9% |