Performing Capital returned 2.1% for the second quarter, bringing its first-half return to 14.7%. The fund's compound annual return since inception in November 2013 stands at 16.1%. The S&P 500 was up 8.4% for the second quarter and 15.3% for the first half, while the Russell 2000 was up 4.1% for the second quarter and 17% for the first half. The HFRI Equity Hedge index returned 5.1% for the quarter and 12.3% for the half.
Q2 2021 hedge fund letters, conferences and more
Rally and recovery
In his second-quarter letter to investors, which was reviewed by ValueWalk, Howard Rosencrans of Performing Capital noted that the stock market was robust through the...
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