GrizzlyRock Value Partners returned 30.31% net for the fourth quarter, bringing its full-year return to 7.57% net. During the fourth quarter, longs added 42.8%, while shorts detracted 10.3%.
Q4 2020 hedge fund letters, conferences and more
In his annual letter to investors, which was reviewed by ValueWalk, managing partner Kyle Mowery noted that 2020 was very eventful. The year was marked by a COVID-related drawdown in the first half and a strong second half driven by a "handful of core small cap value investments."
During the challenging year, he remained steadfast in his usual process and focused on investment free cash flow generation. Mowery added that the fund's return was impacted...
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