Arquitos Capital Management’s returns since inception have been second-to-none. Last year the fund produced a return of 54.9% net of fees in 2016 compared to 12.0% for the S&P 500. Since launch (April 2012) the fund has delivered an annualized return of 28.3% net for investors (35.4% gross) outperforming the S&P 500 by 68.5% over the period. Arquitos is modeled after the partnerships managed by Warren Buffett from 1956-1969. The fund uses a bottom-up, company-specific approach, identifying situations where significant mispricing exists. Many of the fund’s largest holdings are micro-caps, with no analyst or media coverage whatsoever, which makes them...