Does Calumet Specialty Products Partners, L.P. (CLMT) Fit LVS Advisory’s “Moderate Risk, High Reward” Portfolio Basket?

LVS Advisory, a New York City-based full-service investment firm, recently released its fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. The LVS Event-Driven portfolio of the fund gained 6.2% (net of all fees and expenses) in 2023 compared to a 12.5% gain for its benchmark High-Yield Bond Index. On the other hand, its Growth Portfolio returned 7.0% during the same period compared to a 26.3% return for its benchmark, S&P 500 Total Return Index. For more...