Celebrating Our 1st Year of Incredible Success

What an incredible year!!! With the conclusion of September, Solimar Fund closed out its first full year of live trading with an incredible net return of 51.1% since 10/1/2023*. The S&P 500 (SPY) returned 34.2% over the same period.

We are well on our way to meeting our lofty goals! We are both grateful and humbled. We couldn’t have asked for a better start!

Our desire is to generate amazing returns for you, giving you more freedom to have a widespread impact in your local community and beyond! We want to help enable you to do that by giving financially or contributing your time to causes you are passionate about. Let’s make a positive difference together!

Completing this first year is a major milestone, and we’re proud of the strong, risk-optimized returns we’ve achieved. If you are an accredited investor with a passion to make an impact on the world around, join us for year 2 and beyond!

The Fund delivered a 4.2% net return in September, while the SPY returned 1.8%.

Year-to-date, the Fund’s net return stands at 44.1%, compared to the SPY’s 20.7%.

_{*Solimar Fund returns are prepared and verified by an independent third party administrator.}

Celebrating Our First Year of Live Trading

While the past year hasn’t been without its challenges, our algorithm has performed exactly as intended—keeping us upright through turbulent conditions and riding the market’s more favorable waves to deliver impressive results.

While we cannot guarantee future performance and losses are possible, our focus on reducing risk while capturing outsized returns has been a smashing success.

Looking back, we’re not just proud of the numbers, but also of how we’ve approached the journey: with discipline, adaptability, and an unwavering commitment to risk management. We believe this first year sets a solid foundation for continued success and growth, and we thank all of you for your trust and partnership.

What’s in a Name? Solimar ☀️🌊

So you might be curious, what’s the meaning behind Solimar? Translating to “Sun & Sea,” Solimar is more than just a name; it’s an ethos. It represents the balance of natural forces—light and energy from the sun, combined with the powerful yet fluid dynamics of the ocean.

There’s also a local Santa Barbara surf spot named Solimar, which is known to a select few surfers for its ability to pick up long-distance groundswell and transform it into large, smooth, and rideable waves. This secret haven offers a thrill for surfers seeking big waves without the same level of danger found elsewhere.

Our Fund has the same goal. Thrills without big spills.

For us, the name Solimar mirrors our trading philosophy. Like the waves at this iconic surf spot, our strategy is designed to capture significant opportunities while minimizing risk. We believe that investing, like surfing, can be exhilarating without being reckless. We aim to deliver “high stoke, low risk”—thrilling returns without excessive wipeouts.

Perhaps that’s the definition of pure stoke?

Next milestone, EOY 2024.

As we close out our first year of live trading, we’re already setting our sights on the next major milestone—the end of 2024. By year-end, we aim to solidify our track record and continue outperforming the broader market while maintaining our strict risk management protocols.

The election cycle is often volatile. We fully expect our system to take advantage of the uncertainty.

The foundation we’ve built in our first year—combining discipline, innovation, and a focus on capital preservation—will guide us through the next phase of growth.

We are always open to learning. As we move towards the end of the year, we’ll also continue to refine our strategy, taking the lessons learned from live trading and applying them to enhance our edge.

We expect to close the year not only with strong performance but also with an even more resilient and adaptive approach.

Our goal is clear: To complete 2024 with returns that further distinguish Solimar Fund as a leader in risk-optimized performance. Whether the markets continue to rise or face new volatility, our strategy is built to adapt accordingly.

Performance Comparison: Solimar Fund vs. SPY

• Solimar Fund Net Performance (10/1/23- 9/30/24): 51.1%

• SPY Performance (10/1/23- 9/30/24): 34.2%

Looking Ahead: Sun, Sea, and the Markets

As we embark on our second year, we remain focused on our goal of doubling the market’s returns while operating at half the market’s risk over a five-year horizon. Our algorithm continues to evolve as we analyze new market conditions, always with an eye on capital preservation and risk management. Just as surfers read the ocean to anticipate the next wave, we’re constantly scanning the markets to keep our edge sharp and our investors safe.

Thank you for joining this journey with us. We look forward to riding the waves of the markets with you for many years to come.

Surf’s up! Let’s connect to discuss a potential investment.

Warm regards,

Geoffrey & Tyler

_{2by2 Capital LLC | [email protected] | www.2by2Capital.com}

For those of you who want to geek out on dashboards and metrics, here is a look at the hypothetical backtest of our strategy since 7/1/2020.

_Disclaimer

_{Solimar Fund is a private fund operating under Rule 506(c) of Regulation D, which allows us to engage in general solicitation and advertising to raise an unlimited amount of capital from accredited investors, provided we take reasonable steps to verify their accredited investor status. This fund is exclusively available for investment by accredited investors, as defined by applicable securities laws}

_{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.}

_{The hypothetical backtest results presented herein are for illustrative purposes only and do not represent actual trading or future performance. Past performance, whether actual or simulated, is not indicative of future results. The backtest is based on historical data and assumptions that may not be accurate or complete. Investors should not rely solely on this information when making investment decisions and should consult with financial advisors to understand all risks associated with investing in our hedge fund.}

_{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 long-short 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.}