Ace River Capital, an investment management company, released its fourth quarter 2023 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered 4.44% compared to an 11.7% and 14% return for the S&P 500 (SPX) and the Russell 2000 (RTY) respectively. For the full year, the fund delivered a -28.61% return vs 24% and 15.9% for the indexes, respectively. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Ace River Capital featured stocks such as Vox Royalty Corp. (NASDAQ:VOXR) in the fourth quarter 2023 investor letter. Headquartered in Toronto, Canada, Vox Royalty Corp. (NASDAQ:VOXR) is a mining royalty and streaming company. On January 10, 2024, Vox Royalty Corp. (NASDAQ:VOXR) stock closed at $2.01 per share. One-month return of Vox Royalty Corp. (NASDAQ:VOXR) was -1.95%, and its shares lost 16.60% of their value over the last 52 weeks. Vox Royalty Corp. (NASDAQ:VOXR) has a market capitalization of $98.773 million.
Ace River Capital stated the following regarding Vox Royalty Corp. (NASDAQ:VOXR) in its fourth quarter 2023 investor letter:
“I have been exploring companies involved in metals and mining, hoping to find an opportunity. I believe I found a company that fits with the strategy and looks to be a perfect fit for the fund in Vox Royalty Corp. (NASDAQ:VOXR).
Vox Royalty Corp operates in the alternative financing space of mining royalties. Mining royalties are flexible agreements where a company like Vox will provide a one-time payment for a share of future revenue produced. These are normally long-term projects and royalty contracts can change hands before the contract begins producing revenue.
This is attractive as an asymmetric risk/reward tied to commodity prices since Vox has a fixed cost and initial investment but will profit more as prices rise or operations become increasingly efficient with many of the contracts…” (Click here to read the full text)
![](https://imonkey-blog.imgix.net/blog/wp-content/uploads/2023/12/13082451/AMLI-insidermonkey-1702473888969-768x430.jpg?auto=fortmat&fit=clip&expires=1753142400&width=480&height=269)
Aerial shot of a mining facility, revealing the vastness of the companies resources.
Vox Royalty Corp. (NASDAQ:VOXR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 5 hedge fund portfolios held Vox Royalty Corp. (NASDAQ:VOXR) at the end of third quarter which was 4 in the previous quarter. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.