GrizzlyRock Value Partners returned 6.41% for the fourth quarter, bringing its full-year return to 17.24% net for 2023. Over its 12-year history, the fund has compounded at a 10.8% net annual return, resulting in a total net return of 240.6%e since its inception.
GrizzlyRock manages a less volatile 2023 vs. the Russell 2000
In his 2023 year-end letter to investors, which was obtained by Hedge Fund Alpha, Kyle Mowery noted that last year at this time, small-cap indexes were wrapping up their worst year since 2008 as inflation raged and many market watchers were calling for a recession.
However,...