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2015 Loma Alta Drive
Irving, Texas 75063
www.motiwalacapital.com
January 2012 - March 2012 Report
Dear Friends,
This is our quarterly letter to clients for the period from January 2012 to March 2012. Global equity markets remained extremely bullish since October 2011. Most US indices were up 10%+ in the first quarter of 2012. Motiwala Capital completed its first year of operations. At the end of the quarter, assets under management (AUM) were about $1 million. All accounts are of friends and family and we appreciate the trust placed in me and my firm. I have invested a six figure amount which is 90% of my liquid net worth in the same investments as my clients. As a reminder, we manage separate accounts and not a single commingled fund.
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