Briarwood Capital Partners, a hedge fund based in New York has produced a net return of 4.7% in the third quarter – lower than MSCI’s Emerging Markets Index's 9% return but higher than the MSCI Frontier Markets Index’s 2.6%, according to a letter to investors reviewed by ValueWalk.
For the first nine months of 2016, the fund yielded a net 10.6%, again lower than the Emerging Markets Index (16%) but higher than the Frontier Markets Index (2.2%), reflecting its exposure.
Since inception on Jan. 1, 2014, it has returned 13%, compared to negative annualized returns for both the MSCI Emerging Markets Index (-1.3%) and the MSCI Frontier Markets Index (-2.5%).
The fund, managed by Harvard alum Aalap Mahadevia, formerly an analyst...
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