Partnership Update - October 2019

Dear Partners and Colleagues,

Alluvial Fund, LP returned 3.2% in October, compared to 2.2% for the S&P 500 and 2.8% for the Russell 2000. Year-to-date, Alluvial has returned 15.6% versus 23.2% for the S&P 500 and 17.4% for the Russell 2000. Since inception, Alluvial Fund, LP has returned 36.4% compared to 43.5% for the S&P 500 and 19.6% for the Russell 2000.

Alluvial Fund, LP is a value investing partnership with a focus on small companies and obscure securities, both domestic and international. The full October tearsheet may be accessed using the following link:

Alluvial Fund, LP - October Update

In addition to the monthly tearsheet, we are pleased to present the first in a series of brief profiles describing an interesting holding...