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...
Welcome to our inaugural 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 Bill Ackman's comeback, a look at Alta Fox Capital, Prentice Capital having a strong year, Canyon Partners profiting on...
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...
“Houston, we have a problem,” said the Apollo 13 crew. Q3 2020 hedge fund letters, conferences and more Half a century later, Houston is a problem as some of its largest hospitals reach 100% ICU occupancy. Ditto for many other cities around the US. This is a problem and it’s getting worse. Meanwhile, the same...
ValueWalk's Raul Panganiban interviews Thomas Cole, CFA, CEO and Co-founder of Distillate Capital. In today’s episode we discuss value investing in the current environment and why you should look internationally. Q3 2020 hedge fund letters, conferences and more International Value with Thomas Cole, CFA, CEO and Co-founder of Distillate Capital ValueWalk's ValueTalks...
During his recent interview with Tobias, Andrew Walker, Portfolio Manager at Rangeley Capital discussed Why #neversell Is Cyclical. Here’s an excerpt from the interview: Q3 2020 hedge fund letters, conferences and more Image source: YouTube Video Screenshot Why #neversell Is Cyclical Tobias: Where do you fall on never sell or selling as a value...
In his 2005 letter to the investors of the Nomad Investment Partnership, the firm's co-founder, Nicholas Sleep, declared that the main enduring advantages of a successful investor are "mainly psychological." Q3 2020 hedge fund letters, conferences and more He highlighted his list of the common psychological causes of investor misjudgment, which...
Choice Equities Fund perofrmance update for the month ended December 2020. Q3 2020 hedge fund letters, conferences and more Choice Equities Fund generated a net return of 76.3% for 2020 resulting in annualized returns of 25.7% per year since inception of January 2017. Choice Equities Fund, LP Overview Choice Equities Fund (“ or...
We collected average annual return forecasts for 5, 7, or 10 years from 12 large institutions: Amundi*, AQR, BNY Mellon, Callan, Franklin Templeton, GMO*, Morgan Stanley, Schroders, State Street, T Rowe Price, UBS*, Vanguard* The average of these forecasts shows a 6% p.a. expectation for equity Looking at...
"Assets are priced for eternal delight and negative real interest rates lasting forever," Crispin Odey declared at the start of his December 2020 letter to investors of the OEI Mac fund. The $170 million fund lost -3% in December, according to a copy of an investor tear sheet, which ValueWalk...
During his recent interview with Tobias, Andrew Walker, Portfolio Manager at Rangeley Capital discussed Opportunities In SPACs. Here’s an excerpt from the interview: Q3 2020 hedge fund letters, conferences and more Image source: YouTube Video Screenshot Opportunities In SPACs Tobias: When I first encountered SPACs was probably a little bit more than a decade...
Partners Group was up 4.6% for November, bringing its fourth-quarter return to more than 3% for the first two months of the quarter. For the first 11 months of 2020, the firm was up by about 10% for each of its two classes. The fund size is $6.7 billion....
Warren Buffett and Charlie Munger have always advocated the art of thinking. This is one of the reasons they have always stood out from the rest of the investment crowd. Q3 2020 hedge fund letters, conferences and more While the rest of Wall Street rushes from investment to investment, barely sleeping...
Rowan Street Capital performance update for the year ended December 31, 2020. Q3 2020 hedge fund letters, conferences and more For 2020, Rowan Street Capital fund’s gain was +65.4% (gross), which compared favorably to the S&P 500 gain of +18.4%. Fund Description Founded in 2015, Rowan Street Capital is a private investment fund...
“Hedge Funds See 90% Approval Rating From Investors In 2020” HFM And AIMA Find Q3 2020 hedge fund letters, conferences and more stevepb / Pixabay Over 40% of investors plan to increase their allocation to hedge funds in H1 2021 Q4 2020 study of investors with $3.8 trillion total assets found...
ADW Capital had an incredible 2020 with a 119.2% net return for the full year. At a time when most other funds have struggled with relatively low returns, ADW posted double-digit returns in several months of 2020. In December, the fund returned 19.91%, while in November, it posted a...
In his recent Q4 2020 Market Commentary, Bill Nygren discussed his review of 2020, the rise of Barstool Sports’ Dave Portnoy as the new market guru, his sum-of-the-parts valuation of Facebook, and how value investors can benefit from ‘strong opinions weakly held’. Here’s an excerpt from the commentary: Q3 2020...
Nearly 186 years ago to the day, on January 8, 1835, US President Andrew Jackson accomplished what no other American president has done before, or since: he paid off the national debt. Q3 2020 hedge fund letters, conferences and more NikolayFrolochkin / Pixabay Jackson was a staunch fiscal conservative. He despised banks,...
The challenges of regression analysis Q3 2020 hedge fund letters, conferences and more SUMMARY There are few alternatives to regression analysis when explaining investment performance Too few as well as too many independent variables can be problematic The results are often not intuitive, but also encourage asking further questions that may...
There are many great value investors. From the legendary like Warren Buffett, Benjamin Graham, Irving Kahn, Seth Klarman, Henry Singleton and Julian Robertson to the less known but still important figures like Wally Weitz, Charles Brandes and Walter Schloss. All of these investors have managed to outperform the market year...
Warren Buffett’s early correspondence to Berkshire Hathaway shareholders contains many nuggets of information that investors can learn from. And it’s not just value investors that can learn from Buffett’s early correspondence. Indeed, Buffett’s letters to Berkshire shareholders in the early 1970s don’t cover equity holdings. At the time, Berkshire was...
Dov Gertzulin's DG Value Partners recorded a strong end to 2020, helping the firm cap off the year on a positive note. Q3 2020 hedge fund letters, conferences and more According to a copy of the firm's latest investor tear sheet, which ValueWalk has been able to review, DG's flagship fund...
Today, I’m going to reveal three ways to profit off the self-driving car megatrend, which is gaining momentum. Q3 2020 hedge fund letters, conferences and more The technology behind this trend has been ready for years. But I believe this is the year it’s about to finally be unleashed. And it’s...
After an incredibly impressive 12.9% return in November and a 4.8% return in December, KG Investments Fund finished 2020 with a total positive return of 15.7%, slightly underperforming the S&P 500 index, which returned 18.4% for the year. That's according to the group's latest investor tear sheet. Q4 2020 hedge...
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