ADW Slumps In 2022. Maintains 15.6% Annualized Return [Exclusive]

Adam Wyden's ADW Capital lost just under 46% last year against a loss of -18.1% for the S&P 500 and -14.5% for the Russell 2000 Value Index.

The figures, contained in a copy of the firm's fourth-quarter update, which ValueWalk has been able to review, are a blow for the fund manager, who, until last year, had an excellent track record.

Since its inception in 2011, ADW has only lost money in three years (including 2022). It lost -33% in 2018 and -6.1% in 2019.

Still, the long-term track record is highly impressive. Even after last year's loss, the fund has returned 15.6% annualized since inception, compared to 11.8% for the S&P 500 and just...