Returns to the partnership since 2010
Asymmetric risk
Returns noted above track from Jan 1 2010 to Dec 31, 2020. DJIA indexation returns graph includes all dividends paid
ALSAR'S RETURNS SINCE 2009 AND 2010.
The graph above shows returns for the fund since Jan 1 2010 to Dec 31, 2021. During this period ALSAR has attained a cumulative return of 540.71% versus the DJIA index's total return, inclusive of all dividends, of 238.51%. The annual return for the fund during this period, inclusive of all dividends was 18.3%/year versus the DJIA of 12.97%. Returns for partial years, including this one are as follows: Returns dating to March 2009 (the secular nadir) and going to April 2021 show ALSAR to have had a cumulative return of 1,534.22% (15.3 fold) inclusive of dividends during this 11 year period versus the DJIA rise of 363.37% absolute and 515.65% inclusive of dividends. Annual fund returns including partial years sits at 20.14%/yr as of April 30, 2021. Partial years do not graph well so we present our data in graphical form for complete years only.
ABOUT ALSAR
What we are
ALSAR is the private family office investment fund for the Fishel family. The fund seeks to achieve above market returns (doesn't every fund....) by exploiting special situations of asymmetric risk. We often times look for binary outcome situations with asymmetric upside risk and limited downside exposure. This fund invests in global equities, very limited debt and various derivative positions both on the long and short side. Hedging operations consist primarily of ETF style short positions with very rare single stock short risk exposure.
Who we are
ALSAR's CIO is Robert S Fishel. Dr Fishel is a physician by training and had always had an interest in the markets. Dr. Fishel believes successful investment takes a completely independent mind-frame: one that is not clouded by analysts (who often have other conflicting agendas), the wisdom of the crowd or the trend of the day. We are not nearly so naive as to think we are infallible against the market and primarily run a conservative non-levered long and short book with minimal high beta derivative exposures. Our mistakes are a focus for us. Although we have made plenty of errors over the years, many of our past losses we do not view as errors. Although we have clearly made errors of judgment that in the future we would not repeat, many past loss making decisions would be repeated under similar circumstances. This is the natural outcome of running a concentrated high beta equity book.
More Information and contacting us
This fund is currently closed to new investors. If you are an existing partner and need access to our private domain address, please email us below for that link.
We do not seek capital, nor do we wish to have something pitched to us. Please do not use the form below to pitch us on a stock or a concept. If you have an operating business that you are interested in selling, then we would be interested in talking with you provided the business has existed for over 10 years, is U.S. based and has consistent operating profits of over $1,000,000 yearly. We only maintain this web page to allow those who need to contact us to do so
Contact Us
ALSAR Ltd. Partnership
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