2024-01-25 11:45:00 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 14.5% and net return of 14.3% in Q4.
- We estimate that our businesses trade for 6.1x their net profits in three years’ time and will still be growing at double digit rates then.
- Although our portfolio rebounded somewhat in Q4, webelieve that our businesses continue to trade at very depressed valuations.
Partnership (Gross) | Partnership (Net of Fees) | MSCI World Index | |
2020 (Apr 1-Dec 31) | 122.9% | 97.1% | 46.8% |
2021 | 38.7% | 29.9% | 21.8% |
2022 | -32.0% | -32.7% | -18.1% |
2023 | -5.5% | -6.4% | 23.8% |
Annualized | 20.1% | 13.6% | 17.2% |
To our Partners:
Plural Partners Fund L.P. delivered a gross return of 14.5% and net return of 14.3% in Q4. Our goal is to deliver returns over a five-year period significantly above that of global markets....
Read the full article on Seeking Alpha
For further details see:
Plural Investing Q4 2023 Quarterly Letter