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Arnott Capital – November Performance Update

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Jacob Wolinsky
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Arnott Capital commentary for the month of November ended November 30, 2022.

The fund returned negative 0.48% for the month of November 2022. Net exposure averaged 53% long, while gross averaged 124%. This brings our Calendar Year Return to negative 0.45% and since inception return to positive 22.11% p.a. net of fees.

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Arnott Capital November

In his latest memo, Howard Marks says (paraphrased), “In his 53 years in the investment world he remembers only two real sea changes and that we are in the midst of a third. Inflation and interest rates are higher today than they’ve been for 40 and 13 years, respectively. Interest...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid