Dear Partners and Colleagues,
Alluvial Fund, LP was up 0.8% for the month of September. Year-to-date, Alluvial has returned 5.2% versus 10.6% for the S&P 500 and 11.5% for the Russell 2000. Since inception, Alluvial Fund, LP has returned 36.3% compared to 34.7% for the S&P 500 and 27.9% for the Russell 2000.
Full letter for subscribers below:
