2024-07-25 05:45:00 ET
Summary
- During the first half of 2024, the LVS Event-Driven Portfolio was flat and the LVS Growth Portfolio gained 18.2%, net of all fees and expenses.
- After a difficult Q1, the Event-Driven Portfolio regained some ground in Q2 - the opportunity set for merger arbitrage is improving.
- Our differentiation not only produces solid returns but also provides diversification from passive asset allocations.
Investment Results | 2019 | 2020 | 2021 | 2022 | 2023 | YTD 2024 | Since Inception 1 |
LVS Event-Driven (net of fees) | 7.0% | 13.2% | 9.1% | 3.8% | 6.2% | 0.0% | 45.6% |
Benchmark: High-Yield Bond Index | 13.4% | 5.0% | 4.0% | (11.4%) | 12.5% | 2.3% | 26.3% |
LVS Growth (net of fees) | - | 61.8% | 16.1% | (35.8%) | 7.0% | 18.2% | 52.5% |
Benchmark: S&P 500 TR Index | - | 18.4% | 28.7% | (18.1%) | 26.3% | 15.3% | 81.7% |
Read the full article on Seeking Alpha
For further details see:
LVS Advisory Q2 2024 Letter