Rowan Street Capital: “Peloton (PTON) was a Costly Mistake for the Fund”

Rowan Street Capital, an investment management company, released its first-half 2022 investor letter. A copy of the same can be downloaded here. At the end of the first half, the fund is 57% down. The second quarter contributed the majority of the fund’s decline, which was -41%. However, at the end of July 20, the fund was 19% up.  For more information on the fund’s top picks in 2022, please check its top five holdings.

In the letter Rowan Street Capital discussed its major performance...