Only a handful of hedge funds have consistently outperformed broader equity indices, especially after the carnage of the last two years.
It's even rarer for smaller, value-focused funds to have come out on top after what has been an incredibly turbulent time for equity investors.
However, Dave Waters' Alluvial Fund has managed to do just that.
The Alluvial Fund began life as an SEC-compliant investment partnership at the beginning of 2017, but Alluvial Capital's track record stretches back further.
Q4 2022 hedge fund letters, conferences and more
Its initial Global Focused Value Fund started life in March 2014, returning around 45% cumulatively from inception to the end of 2017, compared to 19.9% for the...
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