Castlewood Select Funds’ flagship portfolio, The Castlewood Select Opportunity Fund, returned 13.5 per cent to investors net of fees and expenses in 2016.
“We are very pleased with the portfolio’s 2016 performance,” says managing partner Mark Wittenstein (pictured). “The fund’s return marks a second consecutive double-digit growth year as it follows our 16 per cent net return in 2015 and demonstrates the consistency of performance for which we aim.”
Wittenstein says that the strength of the market’s advance since election day was something of a surprise.
“Stocks continue to confound investors, particularly those who called for a steep sell-off in the unlikely event of a Trump victory. We expect that stocks will move higher in 2017, though bouts of volatility will no doubt shake the market as investors now have to split their attention between the effects of monetary tightening by the Fed and anticipated fiscal stimulus from the new administration.”
Headquartered in Princeton NJ, The Castlewood Select Funds is the general partner to The Castlewood Select Opportunity Fund.
