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KStone High Income Muni Fund LP Posts Its July 2023 Performance
July 2023 - Hedge Fund
Kstone High Income Muni Fund LP targets returns of 7% to 12% by seeking to exploit inefficiencies/mispricings in the $3.9 trillion muni market. The targeted annualized standard deviation is 2% to 5%. Kstone strives to build a concentrated portfolio of hedge fund managers with proven track records of generating attractive risk-adjusted returns. These portfolio managers invest in investment grade securities, but they may also invest in high yield munis, corporate, sovereign,&nbs