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First Water Capital Fund, managed by Arun Chulani, has delivered impressive returns, with a 5.4% gain in September 2023, making the 1-year return close to 47% and the 3-year rolling return at 43%. The fund has been ranked number one by Barclay Hedges in the "Top 10 Equity-Long Only Hedge Funds" category, with a Dollar CAGR of 34%. Chulani attributes the funds success to sticking with industries they understand and focusing on companies with strong balance sheets. He also emphasizes the...

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