This Small-Cap Value Fund Favors Undervalued Companies That Are Not Household Names

Lowell Capital Value Partners returned 7% for November, outperforming the S&P 500’s total return of 5.6%, including reinvested dividends. For the first 11 months of 2022, the fund was down 6.7%, versus the S&P 500’s total return of -13.1%. At the end of November, Lowell Capital had 20 long positions representing about 67% of its total capital and eight shorts representing 3% of its total capital. The fund had no leverage and a 36% cash position, resulting in a net long position of about 64%. In December, Lowell Capital boosted its net cash position to between 40% and 45%. Q4…