Alta Fox: Down 12% In Q1, Buying High-Quality Small-Cap Names

Long/short equity fund Alta Fox returned -11.7% growth during the first quarter of 2022 and -11.9% net, with an average net exposure during the quarter of 82%.

Despite this setback, the firm's longer-term performance remains highly impressive, with a gross return of 561.7% since inception in April 2018, compared to the S&P 500 return of 84.2% and the Russell 2000 return of 42.4% over the same timeframe.

Q1 2022 hedge fund letters, conferences and more

Small-Cap Names Are Cheap

Writing in his first-quarter letter to partners, Alta Fox's founder Connor Haley notes that the market environment was tough during the first quarter of the year. The fund has been seeking shelter with businesses...