Afer 17% In H2, Laughing Water Warns About The Madness Of REITs

Laughing Water Capital returned 17% gross during the second half of 2016, bringing returns since inception to 44%. Over the same period, the S&P 500 and the Russell 2000 have returned 21.5% and 39.7% according to the firm’s letter to investors, a copy of which has been reviewed by ValueWalk. Also see: 2016 Hedge Fund Letters Managed by Matt Sweeney CFA, Laughing Water Capital is a value-orientated long-term buy and hold investment partnership. The fund is so long-term orientated it only produces a partner letter twice a year, one of the few funds to follow such a pattern of shareholder…