Fellow Partners,
GrizzlyRock Institutional Value Partners, LP and GrizzlyRock Value Partners, LP (together “GrizzlyRock” or the “Fund”) increased 8.84% net of expenses during the third quarter of 2017 and has returned 1.15% year to date through 9/30/17. Since inception in January 2012, the Fund has compounded at 10.2% net of expenses per year. (1) Since inception, Fund investors have earned 75.1% net with a 72.7% return from long positions and 2.4% from short positions.
With the highly applicable caveat that one quarter is insufficient time to assess performance, it was nice to find our rhythm during the quarter as the Fund was...
