Rowan Street Capital 2Q19 Commentary: Chipotle Case Study

Rowan Street Capital commentary for the second quarter edned June 30, 2019. Q2 hedge fund letters, conference, scoops etc Dear Partners, Our 2019 second quarter performance was +5.9% (gross) compared with S&P 500 total return of +4.3%. Year-to-date performance through June 30 was +26.4% (gross) compared with +18.5% for the S&P 500. For the past 18 months ending June 30, 2019, our fund has returned +31.9% (gross) compared with S&P 500 total return of +13.3%. It’s been a very volatile, but a very productive 18 months period for Rowan Street, where we stuck to our convictions and kept our emotions…