Roubaix Fund Composite February 2022 Performance UpdateJacob Wolinsky
Roubaix Fund Composite performance update for the month ended February 28. 2022.
As requested, please find the February 2022 monthly tearsheet attached for the Roubaix Fund Composite, a fundamental long/short equity strategy focused on small and mid cap U.S. stocks. During February the Composite generated a net return of -0.33% relative to a total return of 1.07% for the Russell 2000 Index and 0.09% for the HFRI Equity Hedge (Total) Index. On a year to date basis, the Composite generated a net return of -4.03% relative to losses of -8.66% for the Russell 2000 Index and -3.87% for the HFRI Equity Hedge (Total) Index. End of period net exposure was 46.40% compared to a 43.53% average since inception in January 2010.
Markets remained broadly weak in February as financial conditions tightened and Russia’s military action in Ukraine added pressure to the global growth outlook. Domestically, U.S. economic data continued to demonstrate growth in manufacturing, retail sales, and employment. That said, global GDP forecasts are declining due to the above mentioned factors creating downside risks. The Composite continued to take advantage of market dislocations by adding to and initiating new positions in our highest conviction longs that have little direct impact from inflation or interest rate concerns, while consistently rotating in additional shorts as the market provided opportunities to become more aggressive during earnings season.
Roubaix Capital, LLC