Alta Fox Opportunities Fund Q1 2020 Quarterly Letter
- Alta Fox Capital is a long/short hedge fund.
- In Q12020, the fund decreased 26.77% gross and 26.98% net. The average net exposure during the quarter was 67.60%.
- April was tracking at our best monthly performance since inception. While we are still down on the year, we are up significantly from the end of Q1.
- We are long dominant businesses with strong free cash flow at generally reasonable multiples. We are short expensive and questionable business models with weak cash flow conversion and dubious corporate governance.
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