Investment Risk

Investment in partnerships involves significant risk and may result in loss of capital. Past performance is not indicative of future results. All investments carry risk of loss.

For Informational Purposes Only

This website is for informational purposes only and does not constitute investment advice, an offer to sell, or a solicitation to buy any securities.

No Guarantee of Accuracy

No representations or warranties are made regarding the accuracy or completeness of the information provided. Investment performance is not guaranteed.

Professional Advice Required

You should consult with qualified financial advisors before making any investment decisions. This website does not provide personalized investment advice.

I have read, understood, and agree to the terms and conditions stated above

You can review these terms at any time on our disclaimer page

Portfolio Structure: I understand that the 18 Degree Partnership portfolio corresponds to the personal investment account managed by Daniel Andreev, the managing partner. The portfolio serves as a model for the Partnership's investment approach, but actual client portfolios may differ based on individual circumstances and timing of investments.

Unaudited Returns: I understand that the returns presented are unaudited personal returns that include trading commissions, dividends, and foreign withholding taxes, but do not reflect management fees that would be charged to clients. The returns have been generated in a personal investment environment that may differ from client portfolios.

Track Record: I understand that 18 Degree Partnership commenced operations in 2023. The performance track record presented reflects the managing partner's personal investment approach and philosophy, which forms the foundation of the Partnership's investment strategy.

Performance Risk: I understand that past performance does not guarantee future results. All investments involve risk of loss, and the performance of client accounts may vary significantly from the returns presented.

Informational Use: I accept to review the contents that follow for informational purposes only. The information provided does not constitute investment advice, an offer to sell, or a solicitation to purchase any securities.

Accredited Investor Status: I confirm that I am an accredited investor as defined by applicable securities laws and regulations, and that I have the financial sophistication to understand the risks associated with private investment partnerships.

Letters

Annual performance reports and investment insights

Time is Our Friend. Responsibility and Due Diligence Are Our Pillars.

2024 Annual Letter

Latest Letter

2024 Annual Letter

Our inaugural letter details 20.5% returns, investment philosophy, and future outlook.

20.5%

Net Return

24

Pages

Topics Covered:

Performance Analysis
Portfolio Holdings
Market Outlook
Partnership Structure

Letter Highlights

Key insights from our 2024 annual letter

Performance

"The Partnership achieved a net return of 20.5% in CAD terms. While we underperformed the broader market this year, we maintain strong conviction that our disciplined approach will deliver superior long-term returns."

Philosophy

"We continue to follow the time-tested principles of value investing, seeking to purchase exceptional businesses at attractive prices."

Outlook

"While markets remain elevated, we remain patient and disciplined, ready to deploy capital when attractive opportunities present themselves."

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Letter Archive

All annual letters from 18 Degree Partnership

Year	Performance	Published	Action
2024 Annual Letter Inaugural Year	+20.5% CAD	March 2025	Read
Future annual letters will appear here

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