Alluvial Fund performance update for the month of April 2019.
Q1 hedge fund letters, conference, scoops etc
Dear Partners and Colleagues,
Alluvial Fund, LP was up 2.6% in April. Year-to-date, Alluvial has returned 10.6% versus 18.3% for the S&P 500 and 18.7% for the Russell 2000. Since inception, Alluvial Fund, LP has returned 30.5% compared to 37.8% for the S&P 500 and 20.9% for the Russell 2000.
Alluvial Fund, LP is a value investing partnership with a focus on small companies and obscure securities, both domestic and international.
Manager’s Commentary
The second quarter started positively with strong earnings reports from several of Alluvial Fund's smaller positions. We await first quarter reports from the top of the portfolio.

