Tiger Global's private equity funds are focused on short-form videos, fintech and enterprise software-as-a-service, which will not be hampered and could capitalize on changes brought by the Coronavirus pandemic. In the firm's March 23 letter, which was reviewed by ValueWalk, Tiger Global Management said their Private Investment Partners (PIP)...
Triarii Capital Management was up 9.12% net for 2019 and down 0.28% for the fourth quarter. However, 2020 has been rougher with the hedge fund down -10.53% in February 12.23% for the year. Triarii is managed by a protégé of Seth Klarman. As of the end of December, the fund's...
Canyon Capital Advisors says March is on track to be the second worst month in its history after the 1998 Long-Term Capital Management and Russia debt default incident. Their letter dated Tuesday notes that Monday brought the highest close of the VIX ever and the steepest decline in stock...
Dan Loeb's Third Point has been getting more and more involved in activism, and it paid off in 2019. During the firm's annual meeting, which was hosted online and reviewed by Valuewalk, management highlighted activism as one of their areas of focus last year. They said their activist portfolio was...
The energy market has been in turmoil under the double shocks involving both supply and demand. However, one energy-focused hedge fund sees plenty of opportunity in the market, which they say is similar to what they observed in 2016. skeeze / Pixabay Worst-case scenario for oil prices In his daily update, Edward...
Laureola QP Fund, which is dedicated to life settlements, returned 1.1% for February, bringing its year-to-date return to 2.1%. The fund returned 10.5% in 2019. Stability in the life settlement markets Free-Photos / Pixabay In their March letter to investors, which was reviewed by ValueWalk, Laureola management said the life settlement markets...
Moon Capital Management was down 1.2% net for the fourth quarter, bringing its full-year return to 5.1% for 2019. In his fourth-quarter letter to investors, which was reviewed by ValueWalk, John Moon said some of the trends that tend to be negative for their strategy continued during the quarter....
Evanston Capital's Weatherlow Fund of funds was down 0.5% net for February, compared to the HFRI FOF Composite Index, which was down 1.5% for the month. Year to date, Weatherlow is up 0.5%, while the HFRI FOF Composite Index is down 1.1%. Q4 2019 hedge fund letters, conferences and more FelixMittermeier...
Real estate investment trusts plunged 15% from their previous high before turning positive. However, Chilton Capital's Chris St. Paul advised investors to use the recent weakness in the REIT market to add to some of their positions. On a year-to-date basis, REITs are down slightly. paulbr75 / Pixabay More accommodative Fed...
Aristides Fund LP lost 2.43% in February, while Aristides Fund QP, LP lost 2.49%. The Aristides Composite is down 5.58% year to date. Q4 2019 hedge fund letters, conferences and more One of the top positions of the hedge fund is a jewellery company Free-Photos / Pixabay A difficult February In his February...
The Canyon Balanced Fund was up 0.26% net in January. The CS Leveraged Loan Index was up 0.53%, while the Bloomberg Barclays US Corp HY Index was up 0.03%. The Russell 2000 was down 3.21%, and the S&P 500 was down 0.4%. From TheNewsMarket with permission Flight to safety In their January...
Saba Capital has been picking up closed-end funds at some deep discounts. In a recent presentation, Boaz Weinstein's $1.9 billion fund highlighted just one of the three main strategies it follows. Saba has been investing in closed-end funds since October 2015 and has $620 million in assets under management...
The Pembroke Emerging Markets Fund was up 2.6% for December, bringing its full-year net return to 10.12% for 2019. The MSCI EM index was up 18.43% for 2019. Q4 2019 hedge fund letters, conferences and more tpsdave / Pixabay Strong gains in December Almost all of Pembroke's strategies were in the green in...
Tiger Global had a strong year in 2019 with a gross return of 41.3% and a net return of 32.7% for the onshore fund. Tiger Global Long Opportunities enjoyed a 37.3% gross gain and a 30.1% net gain for the year. Going into this year, the fund's management says...
Tiger Global's Onshore fund was up 9.8% gross and 7.8% net for the fourth quarter, bringing its full-year 2019 return to 41.3% gross and 32.7% net. The Offshore fund was up 9.5% gross and 9% net for the fourth quarter, making its two-quarter return 2.5% gross and 2% net...
The Voss Value Fund was up 8.1% net for the fourth quarter following gains of 2.93%, 0.93% and 4.02% net for October, November and December, respectively. The Russell 2000 was up 9.9% for the fourth quarter, while the S&P 500 gained 9.1% for the quarter. Q4 2019 hedge fund letters,...
The Orchid China Master Fund was up 0.6% net for January, compared to the 6.7% decline in the Hang Seng Index. The fund's one-year return is 23.8%, compared to the Hang Seng Index's 5.8% decline over the last year. For 2019, the Orchid China Master Fund was up 32.2%,...
Tiger Legatus Master Fund was up a commanding 20.8% net in the fourth quarter, dramatically outperforming the MSCI World Index's 8.7% gain and the S&P 500's 9.1% gain for the quarter. For all of 2019, the fund was up 21.2%, so the fourth quarter was where it made almost...
DG Value Funds was up about 1.5% for the fourth quarter. The Legacy Class was up 1.7%, while Class A was up 1.37%, and Class B was up 1.46% for the quarter. For the full year, the Legacy Class was up 8.3%, Class A was up 6.86%, and Class...
Odey Asset Management released its full-year numbers for 2019. In its December report to investors, which was reviewed by ValueWalk, the fund said it was down 11.1% for the full year. For December, Odey International Fund was up 10.97%, while for the fourth quarter, it was up 8.64%. For...
Deer Park Road Management's STS Master Fund was down 1.51% net for December, bringing its full-year return to -7.62% for 2019. The fund lost 95 basis points in realized losses on positions sold during December and generated 0.93% of net asset value in cash flow. RitaE / Pixabay Credit markets shifting In...
David Einhorn's top stocks are usually reported widely by the media based on his 13F filing. But what alternative assets does he like? It is unknown, except for ValueWalk readers! As of January, the top 10 allocations of David Einhorn's Greenlight Masters fund of funds were (more…)
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