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January 23, 2019  

Value Shop's LPs Seeing Red

A difficult year for value investors generally was especially painful for Triarii Capital.The Boston firm, led by former Baupost Group executive Miguel Fidalgo, is showing a 20% loss for its Triarii Capital Master Fund for the 12 months ended Dec. 31. That compares to an 8.8% decline for the HFRI Equity Hedge Fundamental Value Index.Triarii’s poor showing leaves the fund down 8.8% cumulatively since its inception in May 2016 — a...

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