Lakehouse Capital, a Sydney-based investment manager, released its “Lakehouse Global Growth Fund” March 2025 investor letter. March saw a spike in equity market volatility due to uncertainty surrounding Trump's trade policy. The growth-focused strategy had a difficult month since markets despise uncertainty, and current events caused a widespread selloff. Against this backdrop, the Fund returned -7.4% net of fees and expenses for the month compared to -4.2% for its benchmark. Since its inception in December 2017, the Fund has returned 224.5% compared to 126.3% for its benchmark, the...
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