Spree Capital Advisers is a very young long biased investment firm that looks for undervalued companies with various catalysts. It was launched last year, and it runs a portfolio of 15 to 20 stocks. Recently, the fund released its Q1 Investor Letter – a copy of which you can download below.
Among other things in the letter, the fund reported returning 14.6% in January, 4.53% in February, and 1.96% in March, which amounted to a return of 22.16% year-to-date, beating the S&P 500, which posted...