Engine Capital was up 6.22% net for the fourth quarter, bringing its full-year net return to 32.6% and its return since inception in July 2013 to 251.06%. The Russell 2000 returned 2.14% for the fourth quarter, 14.84% for 2021, and 157.12% since July 2013. The HFRI Activist Index returned 5.6% for the fourth quarter, 18.8% for 2021, and 86% since July 2013.
Q4 2021 hedge fund letters, conferences and more
Engine Capital is an activist fund that focuses on special situations with a value investing mindset. The fund aims to buy "good businesses at undemanding valuations with an activist mindset." Among the positions highlighted in its recent letter was Dell...
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