Tollymore Investment Partners Drops -33%, Bulks Up Favorite Holdings

Tollymore Investment Partners, the emerging investment partnership that aims to follow a business-owner mentality when hunting for investments, suffered the second major drawdown in its history during the first quarter of 2022. According to a copy of the firm’s quarterly investor update, which ValueWalk has been able to review, Tollymore generated returns of -33% in the first quarter of 2022, net of all fees and expenses. In comparison, the MSCI All Countries World Index declined by -5% in the same time frame. Q1 2022 hedge fund letters, conferences and more Still, despite this performance, since its inception, the fund has…