Bonhoeffer Capital Management’s Q1 2019 Investor Letter

Bonhoeffer Capital Management is a Rochester, New York-based long-only value-oriented investment partnership owned by Willow Oak Asset Management, a subsidiary of Sitestar Corporation. Its Bonhoeffer Fund was launched in July 2017, and it is managed by Keith Smith, a CFA charterholder, who has more than 20 years of professional experience in investing. Previously, he worked as a Managing Director of a valuation firm, where he sharpened his investment skills in distressed loan and corporate...