Firefly Value Partners, a value-orientated hedge fund, with David Einhorn backing, and $482 million of assets under management, lost 3.3% for the fourth quarter of 2015 but gained 5.9% for the year, according to the fund’s full-year letter to investors as seen by ValueWalk.

Foundry Value Fund 4Q15 Letter To Partners

From the fund’s launch (July 2, 2007) to the end of 2015 Firefly has compounded . . .

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