2024-07-25 06:20:00 ET
Summary
- The partnership returned 25.6% gross, 19.7% net of accrued performance fees through June.
- Broad performance across the market has certainly been respectable, but spectacular performance has generally come from a narrow sliver of Large Cap Growth stocks.
- One of the sectors we know well which had been out of favor for several years has quickly come into favor: Independent Power Producers (IPPs).
To June 30 th 2024 | LRCP Equity Fund I Gross | LRCP Equity Fund I Net | S&P 500 | Russell 2000 | MSCI World |
Trailing 6-month Total Return: | 25.6% | 19.7% | 15.3% | 1.7% | 13.7% |
Trailing 1.5-yr Total Return: | 71.4% | 53.7% | 45.5% | 18.9% | 40.7% |
Trailing 2.5-yr Total Return: | 92.9% | 69.5% | 19.2% | -5.5% | 15.8% |
Trailing 3.5-yr Total Return: | 173.5% | 124.5% | 53.4% | 8.5% | 41.8% |
Trailing 4.5-yr Total Return: | 202.5% | 144.7% | 81.6% | 30.2% | 65.2% |
Trailing 5.5-yr Total Return: | 210.0% | 150.8% | 138.8% | 63.4% | 111.6% |
Trailing 6.5-yr Total Return: | 198.3% | 141.2% | 128.3% | 43.5% | 97.0% |
Read the full article on Seeking Alpha
For further details see:
Legacy Ridge Capital Partners Equity Fund I 2024 Mid-Year Letter