Please find the April 2024 monthly tear sheet attached for the Roubaix Fund Composite, a fundamental long/short equity strategy focused on small and mid cap U.S. stocks. During the month, the Composite generated a net return of -2.25% relative to a total return of -7.04% for the Russell 2000 Index. Average daily net exposure during April was 49.87% compared to 43.30% since inception in January 2010.
n April 2024, the U.S. equity markets experienced a pullback with the U.S. 10 Year Treasury yield rising 48 basis points. Investors once again grappled with the ‘higher for longer’ interest rate narrative highlighted...