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% |
Read the full article on Seeking Alpha
For further details see:
Tourlite Capital Q1 2024 Investor Letter