Marram Investment Management’s commentary for the first quarter ended March 31, 2024. April 15, 2024 Dear Investors, The Portfolio* appreciated +7.6% (net) during the 1st quarter of 2024. Since inception, Marram has generated +517.6% cumulative return and +14.7% annualized return, net of fees. For monthly details, see Historical Performance Returns* at the end of this letter. Also, please refer to your separate account statement for exact account return figures. Q3 2023 hedge fund letters, conferences and more $1,000,000 Investment in Marram (Net Return, Inception 1/1/2011 to 3/31/2024)* Portfolio Allocations Below is the target portfolio allocation – the optimal allocation as…
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