Zeke Ashton’s Centaur Value Fund produced a return of -0.2% net to partners for the month of March, taking the fund’s year-to-date returns to +1.8% gross and 1.5% net compared to 6.1% the S&P 500. These returns may seem disappointing, but as usual, Centaur was carrying a high cash weighting during the quarter, according to a letter to investors reviewed by ValueWalk. The long term returns are better with 11.2% versus 8.9% for S&P 500 since 2002.
The fund ended March with 42% long exposure and 10% in short exposure for net market exposure of about 32%. The top seven positions accounted for 24.3% of the fund at the end of the quarter.
Even though Zeke and...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
