HHC - Rhizome Partners Q1 2022 Investor Letter

• Rhizome Partners LP is a Delaware limited partnership, aims to achieve long-term capital appreciation while limiting the risk of loss.
• For the first quarter of 2022, Rhizome Partners generated a net loss of 9.9% versus a 4.6% loss.
• We may be experiencing a regime change in the market in 2022.
• Investors seem to have started to favor profitable companies trading at low multiples of existing cash flow over companies with uncertain payoffs in ten years.
• We still favor good businesses with healthy margins, good balance sheets, structural moats, high returns on invested capital, rational competitors, pricing power, and reasonable growth.

For further details see: