Harris Kupperman’s Praetorian Capital returned 15.3% net of fees in the fourth quarter of 2022.
According to the fund’s fourth quarter investor letter, a copy of which ValueWalk has been able to review, the fund added 11.95% for 2022 overall, an impressive performance considering the S&P 500 declined by 18% in the year.
Last year’s returns are just the latest in a multi-year run of strong performance for the fund, which has seen assets under management swell to $200 million.
It returned 143% net in 2021, 129.5% in 2020 and 15% in 2019. Since its inception on 1st January 2019, Praetorian Capital has returned 617.4% net to investors.
To cope with its rapid growth, the firm moved to permanent offices last year and put...
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