Steamboat Capital Partners returned 14.1% gross and 13.5% net in the fourth quarter of 2022, according to a copy of the firm's fourth-quarter investor letter, which ValueWalk has reviewed.
Following this performance, the fund ended the year with a net return for investors of -14.9%, compared to -18.1% for the S&P 500 index and -20.4% for the Russell 2000 index. From its inception in July 2012, Steamboat has produced an annualized return of 8.5% compared to 12.6% for the S&P 500 and 9.3% for the Russell 2000.
Over the 12 months to the end of December, the equity...
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