Roubaix Fund Composite Fundamental Long/Short Equity Strategy – April Tearsheet

Please find the April 2024 monthly tear sheet attached for the Roubaix Fund Composite, a fundamental long/short equity strategy focused on small and mid cap U.S. stocks. During the month, the Composite generated a net return of -2.25% relative to a total return of -7.04% for the Russell 2000 Index. Average daily net exposure during April was 49.87% compared to 43.30% since inception in January 2010.

n April 2024, the U.S. equity markets experienced a pullback with the U.S. 10 Year Treasury yield rising 48 basis points. Investors once again grappled with the ‘higher for longer’ interest rate narrative highlighted by the hawkish repricing of expectations around future rate cuts. While there were moments of concern about a widening war...