Sosin’s CAS Investment Partners Slumps 43% As Carvana Stalls [Exclusive]

Clifford Sosin’s CAS Investment Partners struggled during the first quarter of 2022. According to a copy of the partnership’s first-quarter investor update, which ValueWalk has been able to review, the hedge fund lost 26.7% during the first three months of the year, compared to a loss of -4.6% for the S&P 500. However, over the long term, its performance is still incredibly impressive. Since its inception in October 2012, the fund has produced a cumulative return for partners of 1,082% or 29.8% annualized, compared to a cumulative return of 271.1% for the S&P 500 or 14.8% per annum. Concentrated equity…