Here’s Why P10 (PX) Shares Retreated

Alluvial Capital Management, an investment advisory firm, released its third-quarter 2023 investor letter. A copy of the same can be downloaded here. The fund fell 1.1% in the quarter compared to the Russell 2000 Index’s -5.2% return and the Russell Microcap Index’s -7.9% return. Alluvial fund is up 11.6% YTD, outperforming both the indexes. During this quarter, the fund’s performance was driven by investments in little-known securities with strong balance sheets and predictable cash...