The Corvex Select Equity Onshore Fund returned 7.8% net for the second quarter, while the Corvex Select Equity Offshore Fund gained 7.7%. For comparison, the S&P 500 Total Return Index returned 8.7% for the second quarter. Year to date, Corvex is up 14.3%. Through the end of July, the Corvex Select Equity Fund is up 20.5% net year to date following a particularly strong month in July. For comparison, the S&P 500 is up 20.6% for the first seven months of 2023. Corvex’s three-year and five-year net annualized rolling returns are 23.5% and 14.4%, respectively, versus the S&P’s three-year and…
Keith Meister Is Keeping Pace With The S&P Despite Its Low Tech Exposure
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
