Kenmare Fund Has A Plan For Market Sell-OffMark Melin
The equity investing environment continues to be characterized by low interest rates, low economic growth and full valuations, the Kenmare Fund noted to its investors in a July 29 letter reviewed by ValueWalk. It is in this environment the fund had a slightly negative quarter, down -1.6%, bringing the year to date loss to -1.3% at a time the S&P 500 was up 2.5% and 3.8% respectively. The fund lost on both its long and short exposure in the second quarter.
Investor uncertainty . . .
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