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Oliver Buchannon
Geoffrey Ravenhill


September 2025: An Amazing 2 years!

September 2025: An Amazing 2 years!

September 2025: 2.9%, +23.4% year-to-date and +77.1% since Inception (10/1/23). All returns reported after fees (net ROR).

August 2025: Riding the Long Wave

August 2025: Riding the Long Wave

August 2025: -3.7%, +20.0% year-to-date and +72.2% since Inception (10/1/23). All returns reported after fees (net ROR).

July: Seasonally Strong

July: Seasonally Strong

July 2025: 2.4% after fees. 2025 YTD: 24.6% after fees. Since Inception (10/1/23-7/31/25): 78.8% after fees. Solimar Fund is only available to verified accredited investors pursuant to Rule 506(c) of Regulation D.

June: Capital Preservation Mode.

June: Capital Preservation Mode.

June 2025: 0.4% after fees. 2025 YTD: 21.7% after fees. Since Inception (10/1/23-6/30/25): 74.7% after fees.

Compounding The Pavement.

Compounding The Pavement.

May 2025: 14.4% after fees. 2025 YTD: 21.2% after fees. Since Inception: 74% after fees (10/1/23-5/31/25).

Twelve Shots At Goal.

Twelve Shots At Goal.

April 2025: 4.8% after fees. 2025 YTD: 5.9% after fees. Since Inception (Oct 2023): 52.1% after fees (10/1/23-4/30/25).

A Sideways Q1

A Sideways Q1

March 2025: -0.4% after fees. 2025 full year: 1.1% after fees. Since Inception (Oct 2023): 45.1% after fees.

Welcoming Volatility & A Birth

Welcoming Volatility & A Birth

February 2025: 1.4% after fees. 2025 full year: 1.5% after fees. Since Inception (Oct 2023): 45.7% after fees.

January 2025: A Familiar Start—Echoes of January 2022?

January 2025: A Familiar Start—Echoes of January 2022?

January 2025: 0.1% after fees. 2024 full year: 36.9% after fees. Since Inception (Oct 2023): 43.7% after fees.

Our First Full Year: Amazing!

Our First Full Year: Amazing!

December 2024: -8.6% after fees. 2024 full year: 36.9% after fees. Since Inception (Oct 2023): 43.6% after fees.

Thanksgiving & Gratitude

Thanksgiving & Gratitude

November 2024: 14.7% after fees. 2024 Year-to-date: 49.6% after fees.

Short-term vs. Long-term

Short-term vs. Long-term

October 2024: -9.4% after fees. 2024 YTD: 30.5% after fees.

Happy 1st Birthday! What a Year!

Happy 1st Birthday! What a Year!

September 2024 : 4.2% Net Return, 44.1% YTD, 51.1% in 12 months.

Don't Wipe Out!

Don't Wipe Out!

August 2024 : 1.6% Net Return, 38.3% YTD

Zoom out for Perspective

Zoom out for Perspective

July 2024 : 17.5% Net Return, 36.2% YTD

Benchmarking Our Fund Against the S&P500

Benchmarking Our Fund Against the S&P500

June 2024 : 3.74% Net Return, 15.87% YTD

A Reflection on Performance and Humble Confidence

A Reflection on Performance and Humble Confidence

May 2024 : 1.10% Return, 11.70% YTD

Drawdowns are normal

Drawdowns are normal

April 2024 : -7.30% Return, 10.48% YTD

Doubling the Market

Doubling the Market

March 2024 : 7.40% Return, 19.19% YTD

High returns, low risk - Sharpe 2+

High returns, low risk - Sharpe 2+

February 2024 : 7.50% Return, 10.97% YTD

It's all Noise!

It's all Noise!

January 2024 : 3.23% Return, 3.23% YTD

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Disclaimer
This fund is exclusively available for investment by accredited investors, as defined by applicable securities laws.

This material is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security.  Investing entails risks, including possible loss of principal. Investments in hedge funds are speculative and involve a higher degree of risk than more traditional investments. 

This material does not constitute an offer or the solicitation of an offer to purchase an interest in Solimar Fund, LP (the “Fund”), which such offer will only be made via a confidential private placement memorandum. An investment in the Fund is speculative and is subject to a risk of loss, including a risk of loss of principal. There is no secondary market for interests in the Fund and none is expected to develop. No assurance can be given that the Fund will achieve its objective or that an investor will receive a return of all or part of its investment. All statements herein are qualified in their entirety by reference to the Memorandum, and to the extent that this document contradicts the Memorandum, the Memorandum shall govern in all respects.

Past and simulated performance is not necessarily indicative of future performance. Any performance data prior 10/2023 does not represent the performance of the Solimar Fund. 2023 performance data prior to launching the Fund is taken from actual returns net of fees from a live trading account managed by 2by2 Capital. Data prior to 2023 represent the simulated performance of 2by2 Capital’s quantitative algorithm.

Information provided reflects 2by2 Capital’s views as of the date of this document. Such views are subject to change at any point without notice. The information contained herein is for informational purposes only and should not be considered a recommendation to buy or sell any securities. Nothing presented herein is or is intended to constitute investment advice, and no investment decision should be made based on any information provided herein. There is a risk of loss from an investment in securities, including the risk of loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular investor’s financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses. Past performance is not necessarily indicative of future performance. There can be no assurance that the performance achieved above will be achieved at any time in the future. All investments involve risk, including the loss of the entire investment.

© 2025 Solimar Fund LP, 2by2 Capital LLC : [email protected]..

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