Chart of the month: Kinetics Partners gets a racing start


Kinetics Partners has enjoyed a prolific start to the year, clocking a gain of 15% in the first quarter. In March, the fund's 4.47% appreciation far outstripped the Absolute Return U.S. Equity median of 1.70% and put its return since inception at 188.32%, which translates into an annualized return of 20.88%.

Kinetics Partners, managed by chief investment strategist Peter Doyle, was launched in 2000 as the first fund from Sleepy Hollow, N.Y.-based Kinetics Advisers. The fund holds $242 million in assets; Kinetics Advisers manages $2.3 billion in total. Recent high performance has been attributed to sizeable exposure to the