Silver Beech Capital Exited Its Successful Investment in Brookfield Corporation (BN). Here’s Why

Silver Beech Capital, a value-oriented investment management firm, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. Since its inception, Silver Beech has achieved a net annualized return of 20.3%, representing an annualized outperformance of 9.2% over the S&P 500. The fund was down 2.8% for the first quarter, exceeding the S&P 500’s 4.3% decline and the Russell 2000’s 9.5% decline. Recent market turbulence has led to notable risk repricing across various markets. This volatility arose from deep uncertainty surrounding multiple potential U.S....