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Rhizome Partners LP is a Delaware limited partnership, aims to achieve long-term capital appreciation while limiting the risk of loss.
Fund generated a net loss of 1.7% versus 0.6% gain for the S&P 500 index and 0.2% gain for the NAREIT index.
During the quarter, we sold out of Dupont and Corteva because we believe they were trading close to fair value and we found better risk-reward opportunities. We also exited our small position in Nuance upon Microsoft’s acquisition.