This post was created on 10/14/2019 stay tuned for updates up to several times a day! As always we REALLY really appreciate legal letters and tips on hedge funds from our readers regardless of fund size. How is this different than SecurityAnalysis? We have a lot more (on funds both large [...]
Welcome to the September 2019 (Q3) issue of Hidden Value Stocks. This issue introduces interviews with two fund managers as well as recent updates from Stanphyl Capital and the Global Quality Edge Fund interviews, which were part of the September 2018 issue. The first interview is with Mark Walker, the [...]
Over the past 90 years, the world has changed dramatically, and so has the stock market. Investment trends and fads have come and gone, while old-world companies have collapsed, to be replaced by newer upstarts. But the one thing that hasn't changed over all these years is the outperformance of [...]
RGA Investment Advisors investment commentary for the third quarter ended September 30, 2019, titled, "Kambi." Q3 2019 hedge fund letters, conferences and more 2018 was a watershed year for turning this formerly illegal activity into a regulated, legal activity. Many regular people cheered and entrepreneurs greeted the news with enthusiasm. Meanwhile, [...]
Euclidean Technologies letter to investors for the third quarter ended September 30, 2019, titled, "What Matters Is What Is Yet To Come." If you use Google’s email service (Gmail), you know it wasn't long ago that Gmail started creating pre-written replies for you. Your friend emails, “Let's grab lunch tomorrow?” [...]
Global Return Asset Management commentary for the month ended September 30, 2019, titled, "Look Past the Yield Curve." Q3 2019 hedge fund letters, conferences and more Dear Friends and Partners, In September we generated a net return of negative 3.1%, bringing our year-to-date net return to 29%.1 We ended the month with 17% [...]
Founders who thrive have what Indonesia-based venture capital firm East Ventures calls “paradoxical personality traits.” Q3 2019 hedge fund letters, conferences and more kreatikar / Pixabay Indonesia is one of the hottest markets for venture capital (VC) today. But a decade ago, when East Ventures was founded, the archipelago was still new [...]
GMO recently released its Q3 2019 quarterly letter titled – Shades of 2000, which reports that value investors could be seeing the best opportunity set in the past 20 years. Here’s an excerpt from the letter: Q3 2019 hedge fund letters, conferences and more mohamed_hassan / Pixabay The years leading up to [...]
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. Q3 2019 hedge fund letters, conferences and more It isn’t just how much the Fed cuts rates that matters; it is how soon they do it. You don’t have to go far to hear calls [...]
Economic policymakers are often advised that they should hope for the best and prepare for the worst. As the global economy now shows every sign of slowing down, that advice would seem to be particularly timely. Q3 2019 hedge fund letters, conferences and more geralt / Pixabay This is especially the case [...]
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of [...]
During his recent interview with Tobias, Lawrence Hamtil, Principal and author at Fortune Financial Advisors, discusses the low volatility anomaly – why low-volatility stocks have higher returns than high-volatility stocks, and how investors can take advantage of that. Here’s an excerpt from the interview: Q3 2019 hedge fund letters, conferences [...]
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. Q3 2019 hedge fund letters, conferences and more mohamed_hassan / Pixabay For those advisors seeking to outsource their portfolio construction, the proliferation of model portfolios leaves them with an overwhelming challenge to properly analyze the [...]
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. Q3 2019 hedge fund letters, conferences and more RoyalAnwar / Pixabay I’m not going to revisit the well-covered outrage over Ken Fisher’s offensive remarks at the Tiburon conference. Instead, I’m going to propose how our [...]
This company has the most valuable liquor company in the world today. The Chinese producer's liquor is made with a recipe dating back 2,000 years, giving it a tremendous share of mind among consumers. Q3 2019 hedge fund letters, conferences and more The company has a (more…)
Trade talks between the United States and China are ongoing, with another round of talk set to launch soon. The standoff remains with just over a year to go before the 2020 presidential election. Two-thirds of voters said in a recent poll that tariffs on Chinese goods will increase [...]
It’s not a perfect world out there and often times alternative funds are mischaracterized, misused, and not put through a rigorous enough portfolio construction process. It’s my hope that I can forewarn you of the proverbial landmines and better prepare you to invest (or not invest) in the alternative [...]
Slide deck for DoubleLine Fund's webcast, "DoubleLine's 4Cs" hosted by Deputy CIO and Portfolio Manager Jeffrey Sherman, and Portfolio Manager Jeffrey Mayberry. Q3 2019 hedge fund letters, conferences and more TAB I - DoubleLine Shiller Enhanced CAPE® DoubleLine Shiller Enhanced CAPE® Structure The distinct structure of the DoubleLine Shiller Enhanced CAPE® Strategy allows [...]
When I visited the US Treasury during the first Treasury/Blogger summit I encouraged the US Treasury to issue debts longer than 30 years, and also floating rate debt. I said the insurance companies, pension funds and endowments would be willing buyers, and that it would be cheaper than issuing [...]
“Davidson” submits: Q3 2019 hedge fund letters, conferences and more Daily details matter, especially during periods of shifting market psychology. Inversion in the T-Bill/10yr Treasury rates occurred May 2019 after a tumultuous period of rapidly falling 10yr Treasury rates beginning Nov 2018 with the onset of the Chinese attempt to take [...]
"Mindless imitation of one's peers," is one of the worst things investors and business owners can do according to The Oracle of Omaha, Warren Buffett. Q3 2019 hedge fund letters, conferences and more The CEO of Berkshire Hathaway made these comments in 1991, as part of a series of lectures to [...]
Those who cannot remember the past are condemned to repeat it.” – George Santayana Q3 2019 hedge fund letters, conferences and more rawpixel / Pixabay Current investors must be at least 60 years old to have been of working age during a sustained bond bear market. The vast majority of investment professionals [...]
What is Quality? Jason Hsu , Vitali Kalesnik , and Engin Kose Financial Analysts Journal A version of this paper can be found here Want to read our summaries of academic finance papers? Check out our Academic Research Insight category Q3 2019 hedge fund letters, conferences and more What are the research questions? The authors do a [...]
Model Portfolios Basu, Gates, Karir and Ang Journal of Wealth Management, Spring 2019 A version of the paper can be found here Want to read our summaries of academic finance papers? Check out our Academic Research Insight category Q3 2019 hedge fund letters, conferences and more What are the Research Questions? Asset allocation is a very important decision [...]
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