Curreen Capital was down 12.53% for the first quarter, compared to the S&P 500's quarterly return of -4.59% and the MSCI World (U.S. Gross) Index's return of -5.08%. The fund exited two holdings and added to several existing positions during the quarter.
Curreen Capital focuses on buying "attractive ugly ducklings, ideally spinoffs of excellent and inexpensive businesses, where management has acted intelligently and even bought stock." The fund seeks companies that are "misunderstood, underappreciated and cast aside for being odd ducks when the truth is that they are beautiful swans."
Q1 2022 hedge fund letters, conferences and more
Specifically, Curreen's companies fit three criteria. They are excellent businesses with strong management...
