Bireme Capital recently published its Q3 investor letter (you can download a copy below). In the letter, the hedge fund said that its flagship U.S. equity strategy, Fundamental Value, had a solid quarter, returning 4.2% on a gross basis. The return slightly trailed the S&P’s 4.4% and brought gross returns to 35.3% and 22.5% for Fundamental Value and the S&P 500, respectively, since the strategy...
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