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:
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. | |
