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Alternative Market Briefing

Value fund URI Capital Partners returns 27.66% net in 2016

Thursday, January 26, 2017

Matthias Knab, Opalesque:

Brian Pitkin writes on Harvest Exchange:

URI Capital Partners, is a long only, highly concentrated fund that seeks long term outperformance by undertaking deep, fundamental analysis leading to a high conviction portfolio of businesses.

For the full year 2016 URI Capital Partners returned 27.66% after all fees and expenses compared to a total return including dividends of 11.96% for the S&P 500. That brings the fund's cumulative return to 92.46% after all fees and expenses since its opening 4.4 years ago in early August 2012 for annualized returns of 16.04% after all fees since inception.

While those may be considered good results, recognize that we are investing for the long term and we will judge ourselves over much longer periods of time. With that in mind however, I believe the companies we own are very well positioned for the long term. They are above average companies and we own them at below average valuations. In short, I remain optimistic about our long term performance but cannot and will not attempt to prognosticate how we will perform in the short term.

Price Versus Value: A Representative Example

Bank of America provides a timely example of the opportunities we hunt for in seeking above average returns over the long term. We hav......................

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