(MENAFN- ValueWalk)
Barac Capital Management commentary for the second quarter ended June 30, 2017.
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Dear All,
This is the Fund's eighteenth regular quarterly report to provide updates on the Partnership's performance. The Partnership's Fund administrator, Fund Associates, LLC, is also generating monthly investment reports for each Partner, by directly and independently accessing the Fund's electronic brokerage data.
This quarter's report will also provide a further update on the Fund's performance for the third quarter through last Friday's market close on August 18th.
For the three-months ending June 30, 2017, the Barac Value Fund L.P. (the 'Fund' or 'Partnership') delivered net returns of 2.00% (after the deduction of management fees) versus a return of 2.33% for the benchmark1. For the 3rd quarter through the most recent business close, the Fund delivered net returns of 0.80% versus a return of 0.70% for the benchmark.
Gross and net annualized returns for the Fund since inception through the most recent business close, amounted to 10.24% and 8.58%, respectively.
Q2 and Q3 (to-date) performance
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