LGNDZ - Tourlite Capital Q1 2024 Investor Letter
2024-04-25 10:05:00 ET
Summary
- Tourlite Capital Management, LP is an asset management firm focused on long/short equity investing in public companies.
- Tourlite Fund, LP returned 6.0% for the First Quarter of 2024.
- The Fund has annualized returns of 10.0% since inception, compared to 9.6% for the S&P 500 and 2.9% for the Russell 2000.
- Our conservative view on the overall equity market outlook has persisted and despite increasing interest rates and mixed economic and company data, we maintain our cautious stance.
To My Partners:
Tourlite Fund, LP returned 6.0% for the First Quarter of 2024. The Fund has annualized returns of 10.0% since inception, compared to 9.6% for the S&P 500 and 2.9% for the Russell 2000. 1 ,2
| First Quarter 2024 |
| Annualized Return 3 |
| Tourlite |
| 6.0% |
| 10.0% |
| S&P 500 |
| 10.6% |
| 9.6% |
| Russell 2000 |
| 5.2% |
| 2.9% |
| HFRI Equity Market Neutral |
| 4.6% |
| 6.3% |
| HFRI Equity Hedge Index 4 |
| 5.5% |
| 5.1% |