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Carthage Fund I

Carthage Capital Management LLC
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Carthage Capital Investor Newsletter 2023 Year End

January 2024 - Hedge Fund

posted by Carthage Fund I
1yr ago

Overall, we had a good 2023 year as our strategy generated +41% returns, reaching our profit targets of +30% to 67%. Our strategy had strong Q1, Q2, and Q3s with +12.3%, +11.5%, and +10.1%, despite a less stellar Q4 with +2.3%. All in all, our strategy aims to be profitable in bull and bear markets, and that is exactly what we delivered. In 2022, this strategy returned +31% in one of the worst years for tech, with the Nasdaq -34% and stocks like META -64%, NFLX -51% etc. In 2023 we returned +41% in one of the best years for tech, with the Nasdaq +42%. In short, we aim to do well in both good and bad times. With this performance, we actually outperformed over 90% of all US hedge funds reported on Bloomberg (Figures 1 & 3). 


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ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.