Pabrai Investment Funds Struggles In Q1 Exits The USRupert Hargreaves
After a blowout year in 2017, Mohnish Pabrai's Pabrai Investment Funds reopened briefly at the beginning of April this year to allow investors in Dhandho Holdings to redeploy their capital. according to the hedge funds Q1 2018 letter.
Dhandho Holdings was set up by Pabrai in 2014 and capitalized with over $150 million in assets. However, this project has not worked out as expected and Pabrai called the decision to set up the business a "mistake" in a presentation to investors last year.