Investment Strategy: Our Opportunity – December 2016

We are not happy to report these results, as the performance falls short of what we expect from Somar and the businesses we invest in. We have analyzed the causes of this gap and concluded the following:

  • Operationally the businesses are performing well, meeting or exceeding our expectations
  • There has been no single or small group of positions that caused the underperformance
  • Short book has performed well, with a marginal loss in a rising market1
Read more

Leave a Reply

Your email address will not be published. Required fields are marked *