Praetorian Capital Returns 15.6% Despite Russian Losses

As most hedge funds struggled to earn a positive performance in the first quarter of 2022, Praetorian Capital ripped ahead, adding 15.6% net of fees during the quarter. The fund, which focuses on a concentrated portfolio of asymmetric opportunities, has outperformed meaningfully since its inception in January 2019. Q1 2022 hedge fund letters, conferences and more It has produced a net cumulative return for investors of 535%, according to a copy of its first-quarter 2022 investor update, which ValueWalk has been able to review. The hedge fund produced a net return of 143% for investors in 2021 and 128% in…