Walter Schloss was a legendary value investor and some might call him the last traditional value investor. Schloss was an old school value investor. He looked for bargains on a price-to-book basis, preferring stocks that were trading at 52-weeks lows over other opportunities. He spent several years working with...
Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average, Seth Klarman’s hedge fund Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost somewhere between...
Chilton Capital's REIT Strategy returned -3% in the month of October, according to investor correspondence ValueWalk has been able to review. Following this performance, the strategy is down -10.9% for the year to the end of October. Q3 2020 hedge fund letters, conferences and more Despite this performance, the REIT strategy...
Hawk Ridge Management's flagship fund generated a net return of 2.8% in the third quarter of 2020, compared to a return of 4.9% for its benchmark, the Russell 2000. Following this performance, for the year to the end of September, the fund returned 5.8% net of fees, outperforming its benchmark...
Mohnish Pabrai's flagship investment fund lost -13.2% for the nine months to the end of September, according to investor correspondence ValueWalk has been able to review. Despite recording a positive performance of 2.2% for the third quarter, the hedge fund has been unable to reclaim losses recorded earlier on in...
Below is our 13F roundup for some high profile names for the three months to the end of September 2020 (Q3) The statements only include equity positions as 13Fs do not include cash and debt holdings. What's more, the filings only provide a snap-shot of each fund's portfolio at the...
It could be argued that no one has done more for the average investor than Jack Bogle, who founded the Vanguard Group of Investment Companies in 1974. Q3 2020 hedge fund letters, conferences and more Ever since its launch in the mid-70s, Vanguard has revolutionized the financial landscape for investors. Its...
According to research from HSBC's Alternative Investment Group, the wide dispersion in hedge fund returns seen during the first half of 2020 has continued into the second half of the year. Q3 2020 hedge fund letters, conferences and more The best performing hedge fund is Saba Capital, with a total return...
Nokomis Capital's flagship master fund returned 3.8% net in the third quarter according to a copy of the firm's latest investor update, which ValueWalk has been able to review. Despite this positive performance, the long-short equity hedge fund remained down -26.7% for the year to the end of September. Founded by...
Earlier this year, it was reported that Tiger Global suffered significant losses due to "markdowns in several investments." Reports suggested that the $36 billion firm booked substantial losses on its Juul investment. According to investor documents, private investments make up about 6% of the market exposure in Tiger Global's hedge...
This year, reports suggested that Carlson Capital's stock-picking fund, Black Diamond Thematic, lost more than 20% in January. This followed the fund's terrible performance in 2019. Even though the fund, which was one of the firm's most extensive strategies, added 18% for the year, it lost roughly 60% of assets...
Crispin Odey, who is considered to be one of the best-known and most high profile hedge fund managers in the UK, announced earlier this week that he would step down from the role of co-chief executive at the hedge fund group he founded in 1991. Q3 2020 hedge fund letters,...
It has been a busy year for asset management group Angelo, Gordon & Co. The alternative investment firm, which manages a total of $35 billion for clients, has moved quickly to take advantage of opportunities resulting from the pandemic. Q3 2020 hedge fund letters, conferences and more pasja1000 / Pixabay In June,...
Data suggests quant hedge funds are having a lousy 2020, especially compared to traditional stock pickers. According to Bank of America, for the year to the end of September, the average quant US equity mutual fund was up just 3.3% compared to 8.3% for the average stock picker. Other research suggests...
Lee Ainslie's Maverick Capital gained 5.6% for the quarter to the end of September, according to a copy of its latest investor update, which ValueWalk has been able to review. Following this performance, the flagship investment fund was up 8% for the year to the end of September. In comparison,...
As Covid-19 has devastated the global economy in 2020, Ken Griffin and his team at Citadel have used the opportunity to snap up distressed assets at bargain prices. During an event last week for the Robin Hood Foundation, where trading legend Paul Tudor Jones interviewed Griffin, he said that his...
Softbank has spent most of its 2020 fighting fires. The Japanese conglomerate and its founder, Masayoshi Son, have struggled with legal battles, volatile markets, and reputational issues over the past 12 months. The Covid-19 pandemic nearly bought the company to its knees. To restore investor confidence in the junk-rated tech-focused...
Eric DeLamarter's Half Moon Capital returned 12.4% net of fees in the third quarter of 2020. Compared to for the S&P 500, Russell 2000, and HFRI Hedge Fund indices that recorded returns of 8.9%, 5.0% and 5.3%, respectively. DeLamarter founded Half Moon in 2011 following a stint at value-oriented hedge...
According to a copy of the firm's September tear sheet, Schonfeld Strategic Advisors' Fundamental Equity fund returned 0.83% in the month of September, which ValueWalk has been able to review. Following this performance, Fundamental Equity has returned 6.7% net in 2020 for the nine months to the end of September....
Egerton Capital was co-founded in 1994 by John Armitage. Since then, the firm has yielded huge profits for its investors. Some estimates put the total value of investing earnings at over $20 billion, making it one of the most profitable hedge funds of all time. Q3 2020 hedge fund letters,...
Roubaix Capital's flagship investment fund declined by 1.19% in the month of September. However, despite this negative monthly performance, the fund returned 15.6% for the year to the end of September, outperforming the S&P 500, which returned just 5.6% over the same period. Roubaix employs a fundamental long/short equity strategy...
Edward Mulé, the co-Founder, CEO, and Portfolio Manager of Silver Point Capital, was one of the leading speakers at this year's Invest For Kids conference. Q3 2020 hedge fund letters, conferences and more Silver Point is a private investment firm focused on credit, distressed and special situations. For more up-to-date hedge fund...
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