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Peterson Investment Fund I Q3 2023 Letter

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HFA Staff
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Hazelton Capital Partners
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Peterson Investment Fund I letter to investors for the third quarter ended September 30, 2023.

“The world is full of foolish gamblers, and they will not do as well as the patient investors.” - Charlie Munger

1) Performance and Overview

Peterson Investment Fund I posted an impressive return of 8.83% during Q3 2023, net of all fees and expenses. This achievement is particularly noteworthy when compared to the S&P 500's decline of 3.3%, including dividends, over the same period. Cumulatively for 2023, our fund has generated a net return of 26.1%, while the S&P 500 has advanced by 13.1%.

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Peterson Investment Fund I

Despite numerous macroeconomic fears...

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