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At Gator Capital Management, we are dedicated to the management of concentrated investment portfolios consisting of companies with proven profitability and dominant franchises.
For the first quarter of 2019, we outperformed the Financials sector benchmark and the overall market. The Fund gained 19.78%.
The Fund’s portfolio rebounded nicely to begin 2019. Several of our non-bank financials, including OneMain Financial, NMI Holdings, and Sallie Mae, recovered sharply from the December selloff.