Richie Capital Group’s Q1 2023 Investor Letter

Richie Capital Group, an equity investment firm, released its first-quarter 2023 investor letter. A copy of the same can be downloaded here. The RCG Select Alpha strategy gained +12.2% and the RCG Long Short strategy lost 4.5% in the first quarter, while their respective benchmarks, the Russell 2500 Index and the Equity Long Short Index, gained +3.4% and +2.0%, respectively. The Top 10 Strategy gained +4.2% compared to +7.5% for the S&P 500 Index. The collapse of SVB and further financial sector contagion impacted the small and midcap stocks in the quarter as the volatility rose more than 30% while the large-cap funds remained relatively stable. In addition, please check the fund’s top five holdings to know its best picks in 2023.