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ver an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: 2014 was an interesting year for the stock market to say the least. While the broader large capitalization ind
nd is also building a position in a Company we are very excited about and hope to be able to discuss with you in future quarters in greater detail. Operational Update/Conclusion: The Fund is doing well in 2015 and continues to grow. We have settled into our new office at 1133 Broadway and would encourage you to stop by and
ver an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: 2014 was an interesting year for the stock market to say the least. While the broader large capitalization ind
nd is also building a position in a Company we are very excited about and hope to be able to discuss with you in future quarters in greater detail. Operational Update/Conclusion: The Fund is doing well in 2015 and continues to grow. We have settled into our new office at 1133 Broadway and would encourage you to stop by and
ver an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: As we mentioned in our 1s' quarter update, we believe our value discipline on cash flows and unloved "boring bu
's after tax return on invested capital is incredibly attractive on top of the already low multiples they are paying on recovering European assets. Operational Update/Conclusion: The Fund is off to a strong start in 2014 and continues to grow. Thankfully, our consistent and methodical growth has allowed us to make some larg
ver an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: 2014 was an interesting year for the stock market to say the least. While the broader large capitalization ind
nd is also building a position in a Company we are very excited about and hope to be able to discuss with you in future quarters in greater detail. Operational Update/Conclusion: The Fund is doing well in 2015 and continues to grow. We have settled into our new office at 1133 Broadway and would encourage you to stop by and
ver an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: The path that the stook market has taken this year has been anything but up and to the right. While the prevai
companies with these types of cash flows provides a margin of safety to limit our losses when we are "wrong" or when the market inevitably swoons. Operational Update/Conclusion: The Fund is doing well in 2014 and continues to grow. We have settled into our new office at 1133 Broadway and would encourage you to stop by and
Entities connected to both Uncle Sam and Operational Update/Conclusion
Adam D. Wyden
PERSON
Dow Jones
ORGANIZATIONADW Capital Partners
ORGANIZATIONADW Capital Management
ORGANIZATIONMarcum LLP
ORGANIZATIONSS&C Fund Services
ORGANIZATIONDiamond Resorts
ORGANIZATIONGraphic Packaging
ORGANIZATIONDow Chemical
ORGANIZATIONPermian
LOCATION