Rowan Street Capital 3Q18 Letter Up 26% YTD, What Worked And Why?

Rowan Street Capital letter for the third quarter ended September 30, 2018. Q3 hedge fund letters, conference, scoops etc Dear Partners, Third quarter was uneventful (flat) in terms of market price movement for our fund’s portfolio. As of September 30, our fund was up 26% in 2018 (before fees) versus 10.6% gain for the S&P 500. In terms of portfolio positions, however, our fund has seen quite a bit of activity. Our guiding principle #9 outlined in the Appendix of this letter, which we highly encourage all of you to read, is “Do a lot of reading and thinking and…