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Dear Investors,
The Portfolio* appreciated +2.4% (net of fees) year-to-date thru 6/30/25.
Since inception, Marram has generated +598.9% cumulative return and +14.4% annualized return, net of fees.
For monthly details, see Historical Performance Returns* at the end of this letter. Also, please refer to your separate account statement for exact account return figures.
$1,000,000 Investment in Marram (Net Return, Inception 1/1/2011 to 6/30/2025)*
About Marram
Marram is an outsourced long-term investment solution, focused on growing wealth for retirement or legacy purposes. We began as a service for a small circle of friends and family. Our investor-friendly fee structure (lower than hedge funds), terms (separate accounts, no lock-up), and high standards of care and excellence, reflect those origins. Our portfolio manager has the majority of…