Long/short equity fund Alta Fox returned -11.7% growth during the first quarter of 2022 and -11.9% net, with an average net exposure during the quarter of 82%.
Despite this setback, the firm's longer-term performance remains highly impressive, with a gross return of 561.7% since inception in April 2018, compared to the S&P 500 return of 84.2% and the Russell 2000 return of 42.4% over the same timeframe.
Q1 2022 hedge fund letters, conferences and more
Small-Cap Names Are Cheap
Writing in his first-quarter letter to partners,...