Night Watch Investment Management’s Q4 2024 Investor Letter

Night Watch Investment Management, an investment management company, released its fourth quarter 2024 investor letter. In the fourth quarter the fund LP depreciated by -2.92% net of fees and ended 2024 performance at 10.30%.  In the fourth quarter of 2024, the market experienced significant volatility. The initial excitement following the US elections quickly gave way to discouragement as rising inflation figures prompted the Federal Reserve to revise their interest rate cut expectations...