Rowan Street Capital 1Q19 Letter: Best Quarter Ever; Main lesson from the past 15 months: Volatility and How to Think About It?

Rowan Street Capital letter to investors for the first quarter ended March 31, 2019. Q1 hedge fund letters, conference, scoops etc Dear Partners, We have just closed on our best quarter yet since inception. In the first quarter of 2019, Rowan Street was up +19% (gross) vs. +13% for the S&P 500 Index. April has been a good month for us as well: year-to-date as of this letter the fund is up +28% (gross). Here is how we stacked up over the past 15 months from January 1, 2018 until March 31, 2019 (gross of fees): When you received your…