Roubaix Fund Composite performance update for the month ended October 31, 2021.
Q3 2021 hedge fund letters, conferences and more
The Roubaix Fund Composite a fundamental long/short equity strategy focused on small and mid cap U.S. stocks. On a year to date basis, Roubaix has generated a net return of +10.43% compared to the HFRI Equity Hedge (Total Index) return of +13.27% and the Russell 2000 Index total return of +17.19%.
U.S. equity markets hit new highs in October on the heels of a strong Q3 earnings season from the majority of the constituents of the S&P 500. In turn, this drove outperformance of large caps overall, and growth stocks in particular. Ongoing supply chain disruptions continue to weigh on global economic growth and make the case for more persistent inflation over the next few quarters. Despite these headwinds, consumer demand remains robust and will keep growth above trend in 2022 as supply constraints ease. Overall, the Fund continues to focus on stock specific drivers of performance, both long and short, while taking into account the macro backdrop at the margin.
Greg Parcella
Director of Marketing & Client Relations
ROUBAIX CAPITAL, LLC
