With a down month in the rear-view mirror, we’re staying focused on the big picture.

As we review recent market movements and portfolio performance, it’s worth reminding ourselves that a single month’s dip is just a point in the broader trend—far from a definitive trajectory. Volatility, as much as it may test one’s short-term resolve, is an inherent part of the journey toward long-term growth.

Solimar Fund returned -9.4% after fees for the month of October compared to the S&P 500’s return of -0.9%. The Fund’s 2024 YTD return remains at a solid 30.5% after fees compared to S&P 500’s impressive YTD return of 19.6%.

We expect ~70% of months to be positive and even with a down October we stand at 76% positive months. We’re aiming for a 100% yearly win rate!

Wealth, Freedom & Impact!

At the heart of our mission is a commitment that goes beyond financial returns. Our "Why" is rooted in a vision of freedom and peace of mind for our investors. We see their wealth not just as a measure of success, but as a tool for change. We strive to generate returns that empower our investors to achieve their personal goals and dreams while enabling them to make a profound impact on the world.

We believe that wisely stewarded wealth can create ripples that extend into communities and care for the world around us, reshaping lives and driving meaningful progress. By focusing on robust, consistent growth, we aim to ensure that our investors' financial success fuels something greater: a future where their giving shapes a legacy of generosity and global betterment. Ultimately, our goal is for the impact we help create to last far beyond balance sheets, leaving a mark that resonates for generations.

Why are we so confident?

We often get this question from potential investors: “What makes you so confident in your system?” And we love this question. It gives us the perfect opportunity to explain what makes Solimar Fund unique.

Our confidence in the system isn’t just about chasing high returns—it’s about how we actively protect those returns. From the start, we designed Solimar’s trading system to handle the ups and downs of the market with a priority on risk mitigation.

When investors ask about our confidence, we always talk about how our system is built to avoid severe losses. Rather than react impulsively to daily, weekly or even monthly volatility, we rely on our well-tested models and risk controls to stay ahead of potential major losses. This approach allows us to keep long-term volatility in check while giving us the freedom to capture opportunities for significant gains.

The strategy’s true focus is achieving meaningful annual returns, every year. While we do monitor the daily fluctuations of market movements and system performance, Solimar Fund is designed with the long-term in mind. By prioritizing steady, year-over-year growth, we aim to deliver the kind of lasting wealth that aligns with our shared vision. Together, we’ll navigate the ups and downs, keeping our sights set firmly on the bigger picture: Wealth, Freedom & Impact.

2024 Performance Comparison: Solimar Fund vs. SPY

• Solimar Fund Net YTD Performance (1/1/24- 10/31/24): 30.5%

• SPY YTD Performance (1/1/24- 10/31/24): 19.6%

As a further confidence boost, check out how we stack up with other hedge funds.

Looking Ahead: The Final Stretch of 2024

As we approach the year’s close, we’re excited to enter the final two months with strong momentum and a clear vision. People are seeing the value.

November 1st marks an exciting milestone for us! Solimar Fund doubled its investor base and nearly doubled its AUM by welcoming in an expanded community of investors. This growth is a testament to the confidence that investors like you have placed in our strategy and our team. Thank you!

LIMITED AVAILABILITY: We have just 91 spots left in the fund before we reach capacity. These spots are filling up with individuals who share our vision and are eager to join us. Don’t miss your chance—secure your place now!

With systems and risk controls fine-tuned, we’re ready to make the most of upcoming market conditions and stay focused on delivering risk-optimized returns. Thank you for being part of Solimar Fund’s journey through your investment, reading these notes and sharing with your accredited friends—we look forward to closing out 2024 on a high note and setting the stage for even greater impact together in the years ahead.

Warm regards,

Geoffrey & Tyler

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

_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.}