Alta Fox Opportunities Fund commentary for the third quarter ended September 30, 2020.
Q3 2020 hedge fund letters, conferences and more
Limited Partners,
In Q3 2020, the fund returned 37.38% gross and 30.77% net. This brought the YTD gross return to 67.64% and YTD net return to 53.25%. The average net exposure during the quarter was 85.4%. Since inception in April 2018, the fund has returned 199.35% gross and 144.72% net compared to 33.75% for the S&P 500, 2.08% for the Russell 2000, and a decline of 2.69% for the Russell Microcap Index. See the below table and appendix for further details.
As always, I strive to ignore...

