APG - Tourlite Capital Management Q4 2023 Investor Letter

2024-01-27 04:45:00 ET

Summary

• Tourlite Capital Management, LP is an asset management firm focused on long/short equity investing in public companies.
• Tourlite Fund, LP Founder Class returned 1.1% for the Fourth Quarter of 2023 and 8.8% for the full year.
• The fund has returned 14.3% since inception in April 2022, compared to 8.4% for the S&P 500 and 0.5% for the Russell 2000.
• We continue to express our conservative view on the overall equity market outlook. As interest rates continue to increase across the yield curve and underlying economic and company data remains mixed, we continue to hold that belief.

To My Partners:

Tourlite Fund, LP Founder Class returned 1.1% for the Fourth Quarter of 2023 and 8.8% for the full year. The fund has returned 14.3% since inception in April 2022, compared to 8.4% for the S&P 500 ( SP500 , SPX ) and 0.5% for the Russell 2000 ( RTY ).1,2...

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