Alta Fox Capital Management, LLC released its 2019 Q3 investor letter – you can download a copy here.
According to the letter, the fund lost 2.21% gross and 2.10% net in the quarter. The returns compared favorably to the -2.40% return for the Russell 2000 and -5.4% return for the Russell Microcap index, but unfavorably to the S&P 500’s 1.70% return.
In detailing its results, the fund offered commentary on a number of its positions. One of the positive contributors for the quarter...
