Acacia Capital Returns 4.57% With Help From Irish ferry company [Q1 Letter]

Acacia Capital Partners' Peter Kinney declared in his first-quarter letter to investors that he is still concerned about the state of the global economy and the "yet unknown consequences" of the pandemic.

Q1 2021 hedge fund letters, conferences and more

However, despite this cautious mindset, the managing partner and his team are still finding attractive investments in which to deploy the firm's capital.

According to a copy of the first quarter letter, which ValueWalk has been able to review, Acacia returned 4.57% net of all fees and expenses in the three months to the end of March. This lagged the return of the MSCI World, which...