Adam Wyden’s ADW Capital is off to another killer year. The hedge fund is up 14.6% gross and 11.1% net in Q1 according to an email to investors reviewed by ValueWalk.

Readers can find an excerpt from the investor email below.

Also see 2017 Hedge Fund Letters

ADW Capital Partners 4Q16 Investor Letter

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Partners and Friends of ADW Capital:

Below please find the un-audited Q1 and YTD 2017 performance update for ADW Capital Partners, LP*:

Q1 2017
Gross: 14.56%
Net: 11.12%
Since Inception (Jan 2011)
Gross: 509.48%
Net: 357.58%
IRR:
Gross: 33.53%
Net: 27.55%
*Assumes a 2%/20% fee structure. Individual investor returns may vary based on the timing of subscriptions.

 

In running a concentrated portfolio, quarter-to-quarter volatility can and should be expected. As our track record builds, we hope our partners analyze our performance with the same duration with which we look at the majority of our investments — a minimum of three to five years.

 

That being said, we are confident that while our style goes in and out of vogue over time, it has and will continue to produce out sized returns over a market cycle.

Thanks again for the continued interest and please reach out with any questions.

Warmly,

Adam