S&C Messina Capital H1 - PDF can be found - HERE or in text below
To My Partners,
As of June 30, 2016, the partnership was up 10.24% YTD versus 3.84% YTD for the S&P 500. This represents an outperformance of +6.40% YTD. As we are outperforming the S&P 500, we are having a good year thus far. The market values of the P&C insurance carriers in our portfolio have appreciated steadily. However, we put little weight into our performance over such short time periods. What we are more pleased with is the continued, strong underlying business performances of the P&C...
