Here’s why Crossroads Capital sold its stake in Calumet (CLMT)
Crossroads Capital LLC, an investment management firm, released its Q4 2025 investor letter. A copy of the letter can be downloaded here. The fund increased 2.7% net of fees and expenses in the fourth quarter of 2025, bringing its annual return to 37.7% net. Since its creation, the Fund obtained a compound rate of 21.2%…