Praetorian Capital Fund letter to investors for the first quarter ended March 31, 2024.
During the first quarter of 2024, the Praetorian Capital Fund LLC (the “Fund”) appreciated by 9.25% net of fees.* Given the Fund’s concentrated portfolio structure and focus on asymmetric opportunities, I anticipate that the Fund will be rather volatile from quarter to quarter. During the first quarter, our core portfolio positions were something of a mixed bag, with advances and declines, while the Event-Driven book produced a decent return, for the first time in many quarters
Q4 2023 hedge fund letters, conferences...