SCC Portfolio Update (Year End 2021)
Seven Corners Capital's equity portfolio positioning as of December 31, 2021 was as follows, with the top-6 positions constituting 58.5% of the aggregate portfolio: The Seven Corners Capital (or SCC) portfolio finished 2021 up 10.8% overall, despite being weighed down by a cash position fluctuating around 15%. This represented underperformance approximately 1,720 bps versus the S&P 500 and 340 bps versus the Russell 2000, in each case including dividends received. (Note that
Open Letter to GULTU Unitholders
Open Letter to GULTU Unitholders, dated November 29, 2021 Unitholders are (Once Again) Urged to Organize to Replace our Trustee Dear Unitholders, A little over one year ago, on October 8, 2020, I wrote you a letter urging you to replace The Bank of New York Mellon as the trustee for the Gulf Coast Ultra Deep Royalty Trust (GULTU). In this letter, I said the following: The GULTU Trustee...has siphoned off OUR money (in other words, in my opinion rightfully belonging to the
Joseph P Kennedy Sr - Fortune Article, September 1937
From Fortune issue dedicated to the Merchant Marine (Kennedy was appointed chairman of the US Maritime Commission that year by FDR).