During the month, the Roubaix Fund Composite, a fundamental long/short equity strategy focused on small and mid cap U.S. stocks, generated a net return of +3.46% relative to a total return of +5.65% for the Russell 2000 Index. Average daily net exposure during February was 47.78% compared to 43.28% since inception in January 2010.
US equity markets rallied in February as corporate profits and consumer spending have demonstrated resilience. Earnings season supported this narrative with companies reporting results and 2024 outlooks that supported further gains in stocks. This happened even though the economic data has pushed out the start date for the Federal Reserve to reduce interest rates. Small-cap stocks outperformed...
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