Anthony Bozza's Lakewood Capital was up 10.7% net for the second quarter. At the end of June, the fund was 107.4% long and 44.9% short for a net equity exposure of 62.5%. Lakewood was also 1.1% long and 8.8% short fixed income securities, resulting in a net fixed income exposure of -7.7%. The fund's top five positions were 23% of equity capital, while its top 10 positions were 38% of equity capital.
Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses.
Morgan Stanley (NYSE:MS) announced buybacks of up to $1 billion and Wells Fargo & Company (NYSE:WFC)’s board approved plans to buy back an additional 350 million shares.
The Fed has... Read More
T11 Capital Interview
This week ten of ValueWalk’s weekly Value Fund Interview Series.
Throughout this series, we are publishing weekly interviews value-oriented hedge fund, and asset managers. All the past interviews... Read More
Mohnish Pabrai has owned this stock in his Pabrai Funds portfolios since 2015. He bought the stock for his portfolio when the company was struggling under a mountain of... Read More
Global Debt: Schumpeter's Creative Destruction by Steve Blumenthal, CMG Capital Management
“What beat me was not having brains enough to stick to my own game – that is to play... Read More
June 24, 2016
By Steve Blumenthal
“Italeave, Finish, Czechout, Oustria, Byegium and Departugal.”
— Wilfred Frost, CNBC, June 24, 2016
Brexit! The world markets are in shock. What’s next? You’ll find my thinking... Read More
Amazon.com, Inc. (NASDAQ:AMZN) stocks took another beating last week after third quarter earnings turned out to be worse than expected – revenues were up, but so were losses –... Read More
UK stocks have surged in the last six months, but the improvement in share prices has not always reflected company fundamentals. During such general rallies it’s enough to be... Read More
Which is the best performing asset class this year? If you include the whole universe of investable assets, gold wins the race but if you look at equities and... Read More
Despite initiating macro-prudential measures, China's FX outflows have yet to show signs of abating, as analysts at Deutsche Bank believe they could be nearly $110 billion last month, which is... Read More
Deer Park Road believes there's a unique "opportunity to produce outsized returns," in the non-agency legacy RMBS market.
Q1 2020 hedge fund letters, conferences and more
RitaE / Pixabay
Manager of the... Read More