Allan Mecham’s famed Arlington Value will be shutting down according to sources familiar with the matter. According to a letter he wrote to investors, Allan is stepping down and winding down the hedge fund over the next 6-9 months due to health issues. In light of reader interest we have pasted below a controversial profile we did of the fund several years ago (which can also be found here). We wish Allan all the best and a very speedy recovery. Below is an excerpt from the latest letter to investors. Dear Arlington Investors, First, Ben and I would like to…
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- How can a long-only hedge fund deliver positive returns regardless of market environment?
- Allan Mecham: “The 400% man” as an all-American success story, an “ordinary man” conquering Wall Street
- “Show me the documentation”
- Arlington is the everyman of investing, the anti-hero of Wall Street
- “I just don’t understand”
- 2008 performance
- Fund structure changes
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