Alta Fox: Down 12% In Q1, Buying High-Quality Small-Cap Names

Long/short equity fund Alta Fox returned -11.7% growth during the first quarter of 2022 and -11.9% net, with an average net exposure during the quarter of 82%. Despite this setback, the firm’s longer-term performance remains highly impressive, with a gross return of 561.7% since inception in April 2018, compared to the S&P 500 return of 84.2% and the Russell 2000 return of 42.4% over the same timeframe. Q1 2022 hedge fund letters, conferences and more Small-Cap Names Are Cheap Writing in his first-quarter letter to partners, Alta Fox’s founder Connor Haley notes that the market environment was tough during the…