Emerging Value Capital Management

Emerging Value Capital Management 2Q16 Letter

Emerging Value Capital Management letter to investors for the second quarter ended June 30, 2016.

Dear Partners and Shareholders,

For the second quarter of 2016, EVCM fund returned an estimated +0.1% net to investors. Stock markets worldwide were slightly up in the quarter with the All Country World Index (ACWI) and the HFRI Equity Hedge Index up +1.0% and up +1.4% respectively.

Since inception (10/15/2008), EVCM Fund returned an estimated +98.1% (net to investors). During this same . . .

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