The letter reports on the performance of Mangrove Funds for October 2016, highlighting an 11.7% gain. It discusses the portfolio's exposure, investment strategies, and specific investments like Apollo Residential Mortgage, Inc. The letter emphasizes the potential volatility of the portfolio and reflects on past performance. It also notes the completion of exiting a long position in AMTG and the challenges faced during the investment period.
documents/EFTA00286949.pdf
{}