Letters

Somar Team

March 2021

It is probably not too presumptuous of me to assume that you, like all of us, are eager to get back to normal social life and meet people face to face. Finance can sometimes become too impersonal. The roots of the business though, could not be more personal. People traded under a tree face to face near the wall of Wall Street. Underwriting and guarantees involved literally writing your name under someone else’s, thereby personally committing oneself to a debt in case the original borrower could not repay.

We are old school at Somar. We love hearing from you and personal connection. Our goal every day is to honor your trust in us. However, the other three members of our team get much less recognition than I do. I would like to change that and have them introduce themselves. You will hear from them what they do to fulfill our mission of protecting and compounding the wealth you entrusted us.

They have recorded a video, embedded below.

Will Bruce, our CFO, is still confined in his home so could not make it this time. We will have him in a future
video.

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I am also happy to report that everyone at Somar has received at least the first dose of the Covid 19 vaccine. We are working in the office as usual. Hopefully, you will be able to join us soon.

All the best,

Pedro Ramos

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Disclaimer: This website is for general information purposes only and is not intended to be, nor should it be construed as investment advice, nor a solicitation or offer to buy or sell any securities, related financial instruments, or  interests in the Somar Master Fund, LP (the “Fund”) or its feeder funds. The information contained herein is not complete, and does not contain certain material information such as disclosures and risk factors about the Fund or its feeder funds. Opinions expressed are current opinions as of the date of this material only and are subject to change without notice.Hedge funds: (1) often engage in leveraging and other speculative investment practices that may increase the risk of investment loss; (2) can be highly illiquid; (3) are not required to provide periodic pricing or valuation information to investors; (4) may involve complex tax structures and delays in distributing important tax information; (5) are not subject to the same regulatory requirements as mutual funds; and (6) often charge high fees. 

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