Longleaf Partners Fund 2Q16 Commentary: Gains On Energy InvestmentsVW Staff
Longleaf Partners Fund commentary for the second quarter ended June 30, 2016.
Longleaf Partners Fund meaningfully outperformed the S&P 500 Index in the first half of 2016, rising 6.53% versus the index’s gain of 3.84%. In the second quarter, the Fund returned 2.10% versus 2.46% for the index. Our energy investments were again the largest contributors following similar strength in the first quarter. Both Chesapeake Energy and CONSOL Energy benefitted from managements monetizing assets and succeeding in reaffirming . . .
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