Yost Capital Management in their Q2 letter shared a number of crucial information with the investors including that Yost Partners and Yost Focused Fund delivered +2.2% and +1.6% gains respectively. The hedge fund is an emerging manager based out of Fort Worth Texas with about $65 million in AUM.
In other news, the company closed its Talen Energy special purpose investment vehicle, with an estimated 100.6% internal rate of return, and 2.2x multiple on invested capital. After a recent PJM auction, this exit seemed to be a bit premature.
While power demand continues to rise, the closing of fossil fuel capacities is making supply even more difficult to manage. According to Carson...
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