The March 2024 monthly tear sheet attached for the Roubaix Fund Composite, a fundamental long/short equity strategy focused on small and mid cap U.S. stocks. During the month, the Composite generated a net return of +2.78% relative to a total return of +3.58% for the Russell 2000 Index. Average daily net exposure during March was 47.97% compared to 43.27% since inception in January 2010.
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In March 2024, the S&P 500 and Russell 2000 appreciated materially. This continued a strong start to the year for the S&P 500. We note the Russell 2000 outpaced the S&P 500 and market returns broadened as a greater number of S&P 500 constituents trading above their...