ADW Capital Up 25.19% In 2016

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ADW Capital Up 25.19% In 2016

Adam Wyden’s ADW Capital 2016 letter to investors

Also see

2016 Hedge Fund Letters

ADW Capital Partners 4Q15 Letter

Partners and Friends of ADW Capital:

Odey’s Brook Fund Posted A Commanding Q3 Return On Long And Short Sides [EXCLUSIVE]

Eurekahedge Hedge Fund Index invest Value InvestingOdey's Brook Absolute Return Fund was up 10.25% for the third quarter, smashing the MSCI World's total return of 2.47% in sterling. In his third-quarter letter to investors, which was reviewed by ValueWalk, James Hanbury said the quarter's macro environment was not ideal for Brook Asset Management. Despite that, they saw positive contributions and alpha Read More

As you will see from the numbers below, we had a very strong close to 2016.  More importantly, the performance was in line with our NET ANNUALIZED return since inception of +26.61% or to put it another way, each dollar invested at the launch of the fund is now worth close to $4.12.

In running a concentrated portfolio, quarter-to-quarter volatility can and should be expected.  That being said, we continue to find extremely attractive investments.  In fact in the last quarter, we added a new core holding that I am very excited about and I will profile in our upcoming letter.  If I am close to right about its prospects, it can return multiples of our capital over the coming decade.  If you are interested in adding to your account or opening a new account the next deadline is Feb 1st.

Thank you again for your continued support and Happy New Year.

Adam

Below please find the un-audited Q4 and 2016 performance update for ADW Capital Partners, LP*:

Q4-2016
Gross: 23.94%
Net: 18.81%
YTD 2016
Gross: 34.81%
Net: 25.19%
Since Inception (Jan 2011)
Gross: 431.30%
Net: 311.88%
IRR:
Gross: 32.10%
Net: 26.61%
*Assumes a 2%/20% fee structure. Individual investor returns may vary based on the timing of subscriptions.

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