Bill Ruane’s Sequoia Fund: Investing In The Early 1990s [Pt.4]Rupert Hargreaves
As I covered in the first part of this series, Bill Ruane's Sequoia Fund had a rough start to life when it was launched in 1970.
Ruane set up the fund, with his partner, Richard Cunniff in 1970 as a favor to Warren Buffett who had asked Runae to take on his clients at Buffett Associates Ltd. after he decided to leave the money management business.
If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. Use code 15percent10 at checkout. Offer valid for next 10 subscribers or March 31, 2019, whichever comes first!
The fund underperformed both the Dow Jones Industrial Average and S&P 500 in the first half of the 1970s but then staged a strong comeback during the second half of the decade. By September 30, 1980, the Sequoia fund had produced a total return for investors of 353.2% or 15.9% annualized, compared to just 8.4% annualized for the S&P 500 over the same time frame.
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible