Investor Summary

Matthew Sweeney, CFA, founded Laughing Water Capital in February 2016 and serves as Managing Partner of the boutique investment partnership. Based in Rockville Centre, New York, Sweeney has delivered exceptional long-term performance with 19.3% annualized returns since inception, significantly outperforming major benchmarks. He maintains strong alignment of interests with almost his entire family wealth invested in the strategy and has been steadily increasing his personal investment. Sweeney is recognized as a thought leader in value investing, featured in prominent investment podcasts and interviews where he articulates his contrarian, fundamentally-driven investment philosophy.

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Fund Strategy

Laughing Water Capital employs 'A Common Sense Approach to Investing' centered on the belief that careful analysis of a select group of businesses can lead to above average investment returns for equity investors. The firm's small size and patient approach provide advantages that cannot be matched by traditional asset managers focused on daily market gyrations rather than fundamental business value. They target companies out of favor on Wall Street due to operational, optical, or structural problems that management can fix given time, expecting to benefit from both operational improvements and market re-rating as sentiment shifts from pessimism to optimism.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
- 0.068 0.039
2025
3.9%