📧 Communication

This document is a quarterly investor letter from Boothbay Fund Management, LLC, dated February 16, 2017. It reports on the performance of the Boothbay Absolute Return Strategies, LP for Q4 2016 (+0.04%) and the full year 2016 (+3.84%), comparing these figures to S&P 500 and HFRX indices. The text discusses market conditions, specifically the challenges of 2016 for multi-strategy firms, and addresses investor questions regarding hedge fund crowding. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a congressional investigation.