Half Moon Capital Partners, LP (the “Partnership”) returned 0.6% net of fees in the second quarter of 2016, bringing the year-to-date performance to 4.6%. This compares favorably with the S&P 500, Russell 2000 and HFRI Hedge Fund indices that recorded returns of 3.8%, 2.2% and -0.4%, respectively. The end of June marked the five year milestone for the Partnership. As we look back on the performance over this period, we thought it would be helpful to highlight some of the outcomes which we are proud of and just as importantly, areas where we believe we improved. We pride ourselves on...