ADW Capital Partners returned 7.8% for the year to the end of September 2019, compared to a gain of 20.6% for the S&P 500 and 14.2% for the Russell 2000. That’s a copy of the hedge fund’s letter that ValueWalk has been able to review. After returning 59.2% net of fees in 2017, ADW started to struggle in 2018. As the market tanked at the end of the year, ADW’s portfolio collapsed. It ended the year down -33% net of all fees and expenses, compared to a loss of -4.4% for the S&P 500. For more up-to-date hedge fund content, and…
ADW Capital: Up 7.4% YTD, Concentrated Bet On this small cap
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk