2024-05-12 06:00:00 ET
Summary
- Plural Investing is a long/short hedge fund based in New York. We invest in businesses that we believe are worth substantially more than the price they are trading at.
- Plural Partners Fund L.P. delivered a gross return of -4.1% and net return of -4.3% in Q1.
- The fund focuses on value investing and seeks businesses that are undervalued and have strong fundamentals.
- Two investments, TerraVest and Currency Exchange International, have performed well and are expected to continue compounding earnings.
Partnership (Gross) | Partnership ('Net') | MSCI World | Russell 2000 | MSCI EAFE Small Cap | FTSE AIM All-Share | |
2020 1 | 122.9% | 97.1% | 46.8% | 72.9% | 55.0% | 87.8% |
2021 | 38.7% | 29.9% | 21.8% | 14.8% | 10.1% | 5.0% |
2022 | -32.0% | -32.7% | -18.1% | -20.4% | -21.4% | -38.0% |
2023 | -5.5% | -6.4% | 23.8% | 16.1% | 13.2% | -1.5% |
2024 | -4.1% | -4.4% | 8.9% | 5.2% | 2.4% | -3.1% |
Annualized | 17.5% | 11.4% | 18.5% | 17.8% | 11.7% | 3.9% |
Read the full article on Seeking Alpha
For further details see:
Plural Investing Q1 2024 Quarterly Letter