RiverPark Focused Value Fund Quarterly Letter Q2 2018

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About: RiverPark Focused Value Fund Inst (RFVIX), RFVFX, LVS, LILA, CI, LKQ, MIC, CLNY, Includes: ADS, AER, ALLY, BX, KMX, MPC, VST, WDC
by: Fund Letters
Summary

Includes detailed analysis of RiverPark Focused Value Fund's positions in LVS, LILA, CI, LKQ, MIC, CLNY.

In the second quarter of 2018, the Fund returned 2.47% as compared with the total return of the Russell 1000 Value Index of 1.18%. The total return of the S&P 500 Index was 3.43%.

Investment returns for the second quarter were strong on both an absolute and a relative basis as we recovered much of our underperformance from the first quarter of this year.