Ashva Capital Management LLC Fund Performance – March 2024 Update and Investor Letter See hedge fund letters, conferences and more April 2024 Dear Limited Partner, The S&P500 just produced a 10.16% gain during the first quarter of 2024, ending at 5,254.35. This was the best first-quarter performance for the index since 2019. The strong performance of the equity market was largely due to the most highly anticipated recession in history, which, once again, failed to materialize. For equity investors, the past three years have underscored the challenges of market timing and the limitations of economic and stock market forecasts. Robert…
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