Iolite Partners 3Q18 Performance Update: Up 22.1% YTDVW Staff
Iolite Partners performance update for the third quarter ended September 30, 2018.
The goal is to achieve sustainable, market-beating absolute returns by investing into a highly concentrated portfolio of undervalued stocks and bonds. Value investing is a low risk, high return strategy that has proven to work well over time if applied correctly and consistently. I believe iolite benefits from a stable and patient capital base, allowing me to swim against the tide. The small size of the managed fund gives me the liberty to fish in small ponds, where the big funds cannot go. Large funds have their own guidelines for investing in stocks, such as a threshold market capitalization and liquidity, among several other factors. As a result, large funds often miss out on attractive opportunities, such as in special situations and micro caps, where there are a lot of market inefficiencies. With growing assets, I will look to take full control of smaller businesses.