Tollymore Drops 60% But Remains Positive On Growth Stocks

Mark Walker’s Tollymore Investment Partners generated returns of -60% in the first nine months of 2022, net of all fees and expenses. In comparison, its benchmark, the MSCI All Countries World Index, returned -26%. Following this performance, Tollymore has achieved a cumulative net return of 17% since its inception in 2016 or 3% annualized, compared to 7% annualized for the benchmark, according to a copy of its third-quarter update that ValueWalk has been able to review. In the update, Walker broke with his tradition of not commenting on the fund’s performance in investor correspondence. He noted that the fund’s performance…