Sabrepoint Capital was up 4.35% net for the third quarter after gaining 2.98% in July, 0.57% in August and 0.76% in September. The fund is up 9.73% year to date. Notably, Sabrepoint was one of very few hedge funds with a gain in March. The S&P 500 gained 5.57% during the third quarter.
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.
This is part eight of a multi-part series on Warren Buffett’s early years.
Before he acquired Berkshire Hathaway, Warren Buffett managed a number of partnership for select investors, family and... read more
Morning Market Update
Stocks that are expected to trade actively in U.S. markets on Monday include: Dell Inc. (NASDAQ:DELL), DISH Network Corp (NASDAQ:DISH), Sprint Nextel Corporation (NYSE:S), HSBC Holdings plc... read more
QE - There has been “severe pain” in the markets. Commodity-related names in severe difficulty, sudden sell-offs on corporate news, credit funds closing and volatile price action in the... read more
Legendary Investor George Soros Takes Massive Gold Position, Fears of a Crisis Grow - Nathan McDonald
What is going on behind the scenes? Does the financial elite know something that... read more
Banks and consumers have saved more money than at any point in the last five years, so why haven’t we seen a strong rise in gross domestic product statistics... read more
The latest round in the never-ending saga between Carl Icahn and Marc Andreessen has Andreessen again referring to something Icahn did in the past. This time, he's taking us... read more
When Statistics Drop The Ball by Rob Matthews, Covenant Capital Management
There is a plethora of research available on the historical performance of trend following and it seems that extending... read more
While US IPO Market Falls To Lowest Level In 7 Years, Global IPOs Pick Up Steam by Andrew Birstingl, FactSet
In 2014, the US IPO market had a record year.... read more
We saw the curtain drop on Walnut Place, aka Seth Klarman's Baupost vs Bank of America Corp (NYSE:BAC), back in July. The hedge fund withdrew its challenge to the offer... read more
In July, the market's most commonly used measure of volatility, the VIX, plunged to a 23-year low of 9.04, the lowest level since December 1993. As Reuters pointed out... read more