Fund with 22.8% annualized returns since 2020 adds 14.4% in Q1

Buckley Capital, the value-oriented fund focused on North American small and mid-cap equities, returned 14.4% in the first quarter of the year after all fees and expenses, according to a copy of its latest investor update, which Hedge Fund Alpha has been able to review.

The returns compare favorably to the fund's benchmarks, the iShares Russell 2000 Value index and the iShares Russell 2000 index, which returned -0.7% and 2.7%, respectively, for the three months to the end of March.

"Since the beginning of 2020, when we made significant process improvements, we have outperformed the Russell 2000 by ~20% annualized, and by a double-digit margin in three of the four years thus far," Zack Buckley, the firm's founder and portfolio manager, writes...