Hound Partners returned 23.35% gross and 18.32% net for the first half of the year with gains on both the long and short side. The long equity portfolio gained 19.5% gross, while the short equity portfolio gained 4.93% net. The firm's Long fund gained 20.76% gross and 19.93% net, [...]
Viking Global Opportunities fund was up 8% for the second quarter. The fund's liquid portfolio returned 2.3% net, underperforming the MSCI World Index's 3.6% gain and the S&P 500's 4.2% gain. The long side of the portfolio gained 5.9% during the quarter, while the short side of the portfolio [...]
Well-respected Coho Capital is up 20.7% net for the first two quarters of the year, coming out ahead of the S&P 500's 18.5% gain. In their second-quarter letter to investors, which was reviewed by ValueWalk, Coho's Jake Rosser highlighted their position in one stock, comparing it to Geico when [...]
This is part three of a series on some of Wall Street's biggest frauds and how to avoid them. Click here for part one on the "Wolf of Wall Street" and microcap stocks. Click here for part two on pre-IPO scams. Q2 hedge fund letters, conference, scoops etc Stevebidmead / Pixabay Precious [...]
Many hedge funds have released their second-quarter letters to investors, so we've gathered some of the most interesting ideas from those letters. We went through dozens and maybe even hundreds of Q2 letters to sift for the most interesting ideas- - please let us know if you like the [...]
Bank stocks are looking a bit rough after bond yields declined even more on Monday. However, Lee Ainslie's Maverick Capital sees opportunity in one particular country's banking industry: India. In his second-quarter letter to investors, Ainslie presented commentary from Andrew Warford on their positions in a pair of Indian [...]
The burning question where Fannie Mae and Freddie Mac are concerned is when they will be exiting conservatorship. They've been under the purview of the government for more than 10 years, and investors have gotten restless. Several hedge fund managers have invested in Fannie Mae's and/ or Freddie Mac's [...]
Lee Ainslie's Maverick Capital had a difficult second quarter with all of its funds in the red. Maverick USA was down 2.2%, while the Maverick Levered fund was down 8.3% and the Maverick Long Enhanced fund was down 0.6%. The Maverick Long fund was down 1.3% for Q2. On [...]
Alkeon Growth Partners was up 2.69% in July, bringing its year-to-date returns to 31.03%. For comparison, the MSCI World Index was up 0.42% for July and 16.12% for the first seven months of the year, while the MSCI AC World Index was up 0.17% for July and 15.07% for [...]
This is part two of a series on some of Wall Street's biggest frauds and how to avoid them. Click here for part one on the "Wolf of Wall Street" and microcap stocks. Q2 hedge fund letters, conference, scoops etc mohamed_hassan / Pixabay One type of fraud that hasn't gotten a lot [...]
One of the traits of the current bull market has been runaway valuations of tech unicorns, resulting in expensive initial public offerings of unprofitable companies. It seems investors are ever in search of the next Amazon—the next big fish that starts out bleeding piles of money but ends up [...]
Deer Park Road Management's SBF Opportunities Fund was up 0.91% for June, ending the second quarter with positive returns in all three months. For the first six months of the year, the fund is up 3.29%. The firm's STS Master Fund which sports an impressive 2.56 sharpe ratio, was [...]
Value investors have been anxiously waiting for a top, although a few short-sellers are waiting patiently for their positions to pay off. Legendary value investor Warren Buffett's Berkshire Hathaway actually bought shares of growth/ momentum play Amazon, and one value fund manager questions whether he may have finally capitulated [...]
jplenio / Pixabay Blue Mountain Credit Alternatives Fund was up 0.3% for Class S and 0.43% for Class L shares for the second quarter. For the first six months of the year, Class S is down 3.64% while Class L is down 3.4%. The Blue Mountain team said although these [...]
stevepb / Pixabay Although the retail industry, especially shopping malls, has been going through a tough patch, one fund sees opportunity. Despite the record number of store closings announced for the first six months of the year, mall real estate investment trusts have seen a sudden surge in leasing. According [...]
In their July letter to investors, the team at Gator Financial Partners outlined their long position in SLM Corporation, the holding company for Sallie Mae. The student loan business has been changing a lot in recent years, and some have become concerned that federal student loans will take a [...]
raincarnation40 / Pixabay The longer you invest, the greater your likelihood of running across investment fraud. According to the Securities Investor Protection Corporation, regulators estimate that $10 billion to $40 billion is lost to investment fraud in the U.S. every year. The firm attributes $1 billion to $3 billion of [...]
isakarakus / Pixabay Partners Group Private Equity Master Fund posted gains for June with the net asset value of its Class A shares rising 2.1% and its Class I shares rising 2.2%. The $4.7 billion fund added five new direct investments and completed five primary commitments during the month. According to [...]
12019 / Pixabay Gator Financial Partners, which has enjoyed strong gains from its long positions in Fannie Mae preferred shares, was up 3.85% for the second quarter. The fund underperformed the S&P Total Return Index's 4.3% gain and the S&P 1500 Financials Index's 7.84% gain for the quarter, but it [...]
Jacobs Asset Management's JAM Partners was up 3.2% net for the second quarter, bringing its year-to-date returns to 1% for the first half of the year after Q1's decline. For comparison, the S&P 500 gained 4.3% in Q2 and 18.5% for the first half of the year, while the [...]
The Odey International Fund was down 1.59% for June following a commanding 12.14% gain in May. The fund gained 4.33% in the second quarter. For comparison, the MSCI World Index was up 7.85% for June and 5.53% for the second quarter. Q2 hedge fund letters, conference, scoops etc Stevebidmead / Pixabay According [...]
This is part five of a series on investing in a volatile market. Click here for part one on creating a financial roadmap; click here for part two on evaluating your risk tolerance; click here for part three on diversifying using a risk pyramid; and click here for part [...]
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