Coho Capital Up 53% In 2013, With Gains In GM, HIG Warrants

Coho Capital Up 53% In 2013, With Gains In GM, HIG Warrants

Coho Capital Management letter to shareholders

January 31, 2014


Dear Partners,

RV Capital 1H22 Letter to Co-Investors in Business Owner

write 1603127795RV Capital Co-Investor Letter for the first half ended June 2022. Q2 2022 hedge fund letters, conferences and more Dear Co-Investors,


Please find attached your year-end statement for 2013. For the quarter ended December 31, 2013, Coho Capital increased 11.1% and finished the year with a gross return of 53.2%. Net returns for the year, after incentive compensation and fees, were 42.4%. This compares to a gain of 32.4% for the S&P 500 for the year. Individual results may vary contingent upon a Partner’s timing of Fund investment and high water mark.


When viewing Coho’s returns on a risk-adjusted basis we are pleased with our results. We do not utilize leverage and have not employed options in pursuit of our gains. In addition, we carried double-digit cash balances through the first half of the year as a result of not finding investments that met our criteria.


In our mid-year letter, we shared with you economic data indicating a recovery in consumer household finances.


We wrote, “enhanced financial prospects and improved confidence have enabled Americans to pay down debt and do a bet