Welcome to HIT Capital’s mid-year update.
Over the past 6 months, HIT Capital has continued to move upward. Specifically HIT Capital returned 9% while S&P 500 and the Equity Hedge Index returned 6.05%, and 3.61% respectively. HIT Capital outperformed the S&P 500 by 2.95% and the Hedge Fund Index by 5.39%.
This outperformance continues to be accomplished through the same strategies, Beta Slippage and Contango. Our third strategy, investing in companies below intrinsic value, is also continuing to progress. Over the past 6 months we built a program to compile and analyze all U.S. publicly traded companies. The program is currently in its second stage of testing and may be ready to launch at the end of August.
On the General Partner side, New Mexico Securities Division performed their first surprise examination. The examination consisted of HIT Investments and HIT Capital’s books and records. The resulting response from the division stated “During the examination, a number of documents and records were reviewed looked to be in good order. No action is required”. If you’re interested in seeing the full write up please contact me directly.
I hope this update found you healthy and happy. As always, if you have any questions or comments don’t hesitate to call / write.
Performance June 30, 2015
Allocations June 30, 2015
This report is intended to assist limited partners in understanding how HIT Capital LLLP performed during the period ended June 30, 2014 and reflects the views of the general partner at the time of this writing. These views may change and do not guarantee the future performance of the Fund or the markets. Portfolio composition is subject to change. The current and future holdings of the Fund are subject to investment risk.
Hedge fund investing involves risks, including possible loss of principal. An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The Offering Documents contain this and are available by contacting Stephen Read @ 309.253.7887 or Stephen.Read@HITInvestmentsLLC.com. The Offering Documents should be read and understood before investing.
The comparison of the Partnership’s performance to a single market index is imperfect because the Partnership’s portfolio may contain options and other derivative securities, may include margin trading and other leverage and is not as diversified as the Standard and Poor’s 500 Index or other indices. Due to the differences between the Partnership’s investment strategy and the methodology used to compute most indices, HIT Investments cautions potential investors that no indices are directly comparable to the results of the Partnership.
S&P 500 data provided by Yahoo Finance
Hedge Fund Index data provided by BarclayHedge