New York, [January 6, 2026] — RPD Fund Management LLC announced strong full-year 2025 results across both flagship strategies, underscoring the firm’s disciplined, research-driven contrarian deep value investment approach.
The RPD Fortress Fund returned +0.99% net in December, finishing 2025 up +10.03% net. The Fund has now generated positive performance in 34 of 35 months since launch, reflecting consistent outcomes across a wide range of market environments.
Since inception, the Fortress Fund has compounded at 10.15% net annually, with 1.71% annualized volatility and a Sharpe ratio of 3.54, all while operating fully cash-secured and without leverage, even on a notional basis. Performance has remained largely independent of market direction, supported by strict valuation discipline and conservative risk management.
The RPD Opportunity Fund gained +3.24% net in December, ending 2025 up ~40% net, marking a strong year driven by security selection rather than factor exposure. Performance reflected the re-rating of high-conviction investments that entered the year at depressed valuations, led by China internet and U.S. housing-related sectors, with additional upside from selective long exposure to enterprise software companies amid severe sector-wide selloff.
“2025 reinforced the importance of valuation discipline, risk control, and patience,” said Ahmet Okumus, Chief Investment Officer of RPD Fund Management. “Both strategies performed as designed—Fortress by delivering steady, low-volatility returns through market stress, and Opportunity by capturing asymmetric upside from deeply undervalued businesses.”
RPD Fund Management oversees both the Fortress Fund, a low-volatility cash-secured options strategy, and the Opportunity Fund, a concentrated deep-value long/short equity strategy, offering investors complementary exposures across different market environments.
About RPD Fund Management
Founded in 2021, RPD Fund Management is a New York–based investment firm specializing in fundamental, bottom-up deep-value investing. The firm manages approximately $530 million in assets across its two flagship funds, supported by a team of 12 professionals. CIO Ahmet Okumus previously founded and managed Okumus Capital, established in 2001, where assets under management peaked at $1.2 billion.
