Maran Capital Doubles Down On Small Caps Despite Losses

Dan Roller’s Maran Capital Management returned -15.7% net of all fees and expenses in the second quarter of 2022, according to a copy of the fund’s update, which ValueWalk has reviewed. Overall, the fund has lost -25.3% in the year, although it has returned approximately 14% per annum net over the past five years. Roller writes in his update that the past six months have been somewhat of a “character-builder” of a market. Cheap stocks have gotten cheaper, while more expensive equities have been “destroyed.” Q2 2022 hedge fund letters, conferences and more Given this environment and the fact that…