Thankful for a great 2024.

In November, Solimar Fund delivered a remarkable 14.7% after fees for our investors, far outpacing the S&P 500’s (SPY) impressive 6.0% month. Year-to-date, the Fund stands among the top hedge funds in the industry with a return of 49.6% after fees, compared to the SPY’s solid 26.8% gain.

With just one month left in the year, we’re both grateful and humbled by our progress. We couldn’t have asked for a better start to achieving our ambitious goals of doubling the SPY every year and having no down years!

A Season of Growth and Gratitude

As we approach the end of 2024, we’re more excited than ever. This year has been extraordinary—not only because of the remarkable returns we’ve delivered for our investors but also because it will mark a pivotal milestone: the completion of our first full calendar year of trading.

It’s a significant step on our journey to building a strong, proven track record.

Tyler and I have the benefit of trusting our system completely. We’ve seen firsthand how its data-driven, risk-optimized approach works across diverse market conditions through over 40 years of market data. Both in our backtests and in live trading. In sample and out of sample. With our money and with our investors money.

That trust fuels our confidence that every accredited investor, family office, endowment and fund should consider allocating a portion of their portfolio to Solimar Fund. 

Bold but true.

We understand that trust is built over time. And for some, confidence will grow as we demonstrate our consistency over a longer track record. That’s why this milestone is so meaningful—we are one year closer to proving to future investors what we already believe: Solimar Fund is an essential piece of any portfolio aiming for strong returns and robust risk management.

For accredited investors ready to capitalize on our proven approach, there’s no need to wait. Invest now and set the stage for a successful 2025. Let’s make the next year even more extraordinary together!

2024 Performance Comparison: Solimar Fund vs. SPY

• Solimar Fund Net YTD Performance (1/1/24- 11/30/24): 49.6%

• SPY YTD Performance (1/1/24- 11/30/24): 26.8%

Closing 2024 with Excitement and Momentum

As we reflect on this extraordinary year and the season of Thanksgiving, we are filled with immense gratitude—for our investors, the journey we’re on together, and the impact we’re building as a team. Your trust in Solimar Fund fuels everything we do, and we never take that lightly.

This year has brought incredible milestones, not just in performance but also in relationships. On November 1st, we celebrated a major achievement: doubling our investor base and nearly doubling our assets under management. This growth is a testament to the confidence you’ve placed in our strategy. We are deeply thankful for your partnership, whether you’ve been with us from the start or recently joined the Solimar family.

As we head into the final month of 2024, we’re excited to carry this momentum forward. With just 91 spots left before we reach capacity, we encourage you to share this opportunity with your accredited friends and secure your place if you haven’t already. Together, we can build on this year’s success and make an even greater impact in 2025 and beyond.

Thank you for your belief in Solimar Fund and for being a vital part of this journey. Here’s to closing the year strong and setting the stage for continued growth and shared success in the years to come!

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 Multi-Strategy 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.}