Welcome to our latest issue of issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Seth Klarman and Dan Loeb's investment in Intel, losses and profits from Reddit's frenzy, and an analysis...
Happy New Year! Bring in 2021 by enhancing your knowlsge of the hedge fund world. In this tool, Valuewalk provides its own exclusive and extensive coverage of hedge fund letters, as well as a huge aggregation and organization effort. This database is complied by scouring hundreds of sites, emails and...
Hedge fund managers and famous investors have donated millions of dollars to charity over the years, and many of them do this through their own foundations. As experienced investors, many of them invest their foundations' money in hedge funds, private equity funds and venture capital funds so they can...
In his recent interview with Tobias, Drew Dickson of Albert Bridge discussed How To Build A Debiasing Strategy. Here’s an excerpt from the interview: Q4 2020 hedge fund letters, conferences and more Image source: YouTube Video Screenshot How To Build A Debiasing Strategy Drew: Whereas you can find winners and losers within the...
According to a copy of the firm's January investor update which ValueWalk has been able to review, the Odey Asset Management Odey Special Situations Fund returned 7.7% in January, outperforming its benchmark, the MSCI World USD Index, by 8.7%. Q4 2020 hedge fund letters, conferences and more The $60 million fund,...
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Musk vs Buffett. Here’s an excerpt from the episode: Q4 2020 hedge fund letters, conferences and more Image source: YouTube Video Screenshot Tobias: What about this view that Musk is this incredible industrialist that he’s Tesla’s Holding...
Former Treasury Secretary Larry Summers recently pointed out that overstimulation risk will far exceed the “output gap” shown in the latest Congressional Budget Office economic projections. Q4 2020 hedge fund letters, conferences and more geralt / Pixabay What is an output gap? Gross Domestic Product measures (or at least tries to) economic...
Value stocks have outperformed growth investments in the last three months, setting a trend that could be present for the next few years, that's according to Jim Cullen, the Chairman, and CEO of Schafer Cullen Capital Management. Q4 2020 hedge fund letters, conferences and more According to Cullen's latest "Market Letter,"...
John Buckingham's presentation titled, 'Busting the Myths & Seven "Valuable" Themes for 2021'. The webinar for ValueWalk Premium members took place on 2/23/2021, and was followed by a Q&A. Stay tuned for our next webinar, Q4 2020 hedge fund letters, conferences and more John Buckingham Principal, Portfolio Manager, Kovitz Editor of The Prudent...
Last year, 248 Special Purpose Acquisition Companies were launched on the public markets. That was up from a total of 59 in 2018 and 46 in 2018. Q4 2020 hedge fund letters, conferences and more The sector is expected to see further growth in 2021. This year, 144 SPACs have already been...
One of the most common questions I receive relates about the idea of how to invest a lump-sum amount. I believe that the answer is not a one sized fit all approach. I also believe that the answer for the same person may vary from time to time. Q4 2020...
In his recent Daily Journal shareholder meeting, Charles Munger discussed a number of topics including Robinhood, SPACs, Bitcoin, market speculation, interest rates, and why value investing will never go out of favor. Here’s an excerpt from the meeting: Q4 2020 hedge fund letters, conferences and more Munger: Well that is easy....
Among the many strange, unforeseen changes of the last year is a new respect for Keynesian economic theory. Q4 2020 hedge fund letters, conferences and more Practically everyone in power now agrees that deficit spending produces GDP growth. They differ only on its expected magnitude and duration. The few exceptions are...
I just finished reading King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone by David Carey and John E. Morris. I bought the book with What It Takes: Lessons in the Pursuit of Excellence by Stephen A. Schwarzman. I figured I would get a full...
Charlie Munger spoke at the Daily Journal Corporation's Annual Meeting of Shareholders today. Although Warren Buffett is the more well-known Berkshire Hathaway chief, Munger has been at his side through much of his investing career. Q4 2020 hedge fund letters, conferences and more Charlie Munger's speech at the Daily Journal meeting...
In his recent interview with Tobias, Drew Dickson of Albert Bridge discussed Hunting Alpha In Europe. Here’s an excerpt from the interview: Q4 2020 hedge fund letters, conferences and more Image source: YouTube Video Screenshot Hunting Alpha In Europe Tobias: What’s your universe, in terms– so it’s Europe, but it’s anywhere in Europe,...
The death of fossil fuels is greatly exaggerated. Here are two midstream master limited partnerships offering 8% dividend yields in today’s low interest rate environment. One, Enterprise Products Partners (EPD) is reliable. The other one, Energy Transfer LP (ET) not so much. Image source: YouTube Video Screenshot Try FAST Graphs for...
Robinhood definitely caused a stock market shakeup. Invisibly polled over 1300 people using its Realtime Research tool to find out what people really think about it and the results are surprising. Not that 77% of those surveyed thought the shutdown was market manipulation -- we expected that -- but...
This is the final excerpt from IMA’s winter letter. Q4 2020 hedge fund letters, conferences and more Pipelines are undergoing a renaissance today, but it’s not the one you think. The previous renaissance of shale oil and natural gas development was anything but a good outcome for this industry. Capital-intensive industries,...
The internet is not known as a purveyor of truth. (In case you didn’t know.) Q4 2020 hedge fund letters, conferences and more The false information can take many forms. Maybe it’s the fake Robin Williams quote your aunt shared on Facebook. Or perhaps it’s the nutty Qanon conspiracies you see...
Key highlights for January 2021: Q4 2020 hedge fund letters, conferences and more Hedge fund managers were up 0.54% in January – outperforming the global equity market as represented by MSCI ACWI which gained 0.43% during the month. The top 10% of global hedge funds generated an average return of...
Alkeon Growth Partners was up 11.42% net for the fourth quarter, bringing its full-year return to 54.4% for 2020. The MSCI AC World returned 14.35% for the fourth quarter and 14.34% for the full year. Q4 2020 hedge fund letters, conferences and more The best environment for stock picking In their fourth-quarter...
Sio Partners, the specialist healthcare hedge fund, returned 0.9% net of fees and expenses in January, compared to a loss of -1% for the S&P 500 and a gain of 1% for the MSCI World Healthcare Index. Long investments contributed 12.6%, according to a copy of the firm's letter,...
In his latest Q4 2020 Investor Letter, Dan Loeb discussed why investors should avoid taking positions against companies with large short interests. Here’s an excerpt from the letter: Q4 2020 hedge fund letters, conferences and more The recent short squeeze in certain securities is nothing new. Indeed, as Jesse Livermore said...
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