York Capital Management has decided to focus on longer-duration assets like private equity, private debt and collateralized loan obligations. The firm also plans to wind down its European hedge funds and spin out its Asian fund. Q3 2020 hedge fund letters, conferences and more York announces structural and operational changes York Chairman...
Crossroads Capital is up 55.8% net for this year through the end of October. The fund released its 2019 annual letter this month after scrapping its previous 2019 letter in March due to the changes brought about by the pandemic. For 2019, the fund was up 32.5% net. Since...
Sio Partners was down 4.8% net for September, compared to the S&P 500 Total Return Index's decline of 3.8%, the MSCI World Healthcare Index's 1.5% decline, and the MSCI World Index's 3.6% decline. Sio's long positions detracted 2.4% during September, while its shorts detracted 2.3%. Q3 2020 hedge fund letters,...
The Canyon Balanced Funds have gained more than 28% since the end of the first quarter, recovering 70% of its first-quarter losses. In their November letter to investors, which was reviewed by ValueWalk, the fund's management said due to the unprecedented backdrop of this year, they have shifted to...
Overlook Partners was down 2.78% for September but up 6.03% for the third quarter, bringing its year-to-date return to 10.94%. The MSCI Far East ex Japan Index was up 10.23$ for the third quarter and 6.53% for the first nine months of the year. Q3 2020 hedge fund letters, conferences...
Russell Clark Investment Management was down 9.25% for September, although it is up 8.75% for the first nine months of the year. Losses occurred in both the long book and the currency book. Q3 2020 hedge fund letters, conferences and more The fund had over $256 million in assets under management...
Tiger Global's public equity funds outperformed during the third quarter with its long and private portfolios contributing more than 100% of gains. On the short side, the portfolio generated positive alpha but absolute losses. Q3 2020 hedge fund letters, conferences and more On the long side, key contributors so far this...
The COVID-19 pandemic has caused turmoil in many industries, but there is one industry that has benefited. Valuations in the tech industry continue to skyrocket as many companies in the sector have also benefited from the pandemic. According to one hedge fund, valuations in the tech sector have finally...
As the years have gone on, more and more institutional investors have become interested in cryptocurrency, but more must be done. At the Greenwich Economic Forum, Genesis CEO Michael Moro and Hunting Hill Global founder Adam Guren talked about the institutionalization of cryptocurrency. Q3 2020 hedge fund letters, conferences and...
The relationship between the U.S. and China has been a key issue throughout Donald Trump's presidency, and that's unlikely to change any time soon. The topic was the focus of a panel at the Greenwich Economic Forum, during which several panelists talked about investing trends into and out of...
There's been a lot of talk about how the travel industry will get back to normal in a world marred by COVID-19, but JetBlue CEO Robin Hayes has some ideas. At the Greenwich Economic Forum, he talked about how vaccines will play a role, but they won't be the...
The elections are in the books, and most would agree that Joe Biden will be the next president. So what Does that mean for the economy? In a speech at the Greenwich Economic Forum, David Rubenstein of The Carlyle Group talked about the election and the economy. Q3 2020 hedge...
One of the big questions as China has grown in influence and power is whether decoupling from the U.S. is a good thing for both economies. At the Greenwich Economic Forum, Ray Dalio of Bridgewater Associates talked about printing money and about the development of China's financial markets. Q3 2020...
Before the elections, there was talk that Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi would be more constructive on getting a deal for stimulus finalized after the elections. Now the elections are over, and there is still no deal. That doesn't mean there won't be one before...
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%...
Wilmot Harkey's Nantahala Capital Partners was up 8.9% for the second quarter. In their letter dated Sept. 25, which was reviewed by ValueWalk, the Nantahala team said the pandemic has created "one of the strangest economic environments in recent memory." Q3 2020 hedge fund letters, conferences and more They noted that...
DG Value Partners was up for October, with Class A gaining 1.44% and Class B up 1.5%. The S&P 500 was down 2.66% for the month. On a year-to-date basis, Dov Gertzulin's fund is up 4.21% for Class A and 4.52% for Class B, compared to the S&P's 2.77%...
For the third quarter, Southpoint Capital was up 7.5%, compared to the S&P 500's 8.9% gain, the Russell 2000's 4.9% gain, and the HFRI Equity Hedge Index's 6% gain. On a year-to-date basis, Southpoint Capital is up 12.1%, outperforming the S&P, Russell 2000 and HFRI Equity Hedge Index. Q3 2020...
Some sectors are controversial when it comes to investing. Casino and gambling stocks in particular can trigger a debate in some crowds. For example, Warren Buffett has repeatedly said he's against gambling, so it's hard to imaging him investing in gambling stocks. Q3 2020 hedge fund letters, conferences and more fielperson...
DG Value Partners had a strong third quarter. The fund's legacy class was up 11.85%, while its Class A gained 10.99%, Class B was up 11.12%, and Class C gained 14.29%. DG outperformed its benchmarks as the HFRI Distressed/ Restructuring Index was up 2.77%, while the HFRI Event-Driven Index...
Voss Capital's Voss Value Fund was up 19.91% for the third quarter, while the firm's Voss Value Offshore Fund was up 19.88%. Both funds are now in the green for this year after erasing the damage that was done in March. Year to date, the Voss Value Fund is...
As usual, the Robin Hood Investors Conference has brought several new investment ideas from some of the top minds in the wealth management business. Investors heard from Sachem Head's Barnes Hauptfuhrer, One Tusk Investment Partners' Vivian Lau, Lone Pine's Mala Gaonkar, Lakewood Capital's Anthony Bozza, CAS Investment Partners' Clifford...
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