Last week, The Daily Journal held its annual meeting where Charlie Munger, the 95-Year Old Berkshire Hathaway Vice Chairman & Chairman of the Daily Journal, spoke for two hours. Q4 hedge fund letters, conference, scoops etcMunger covered several topics in his opening words before moving on to audience questions. The Vice [...]
Netflix is a company that splits opinions among investors. It seems, analysts and fund managers either love or hate the streaming company. Jake Rosser, the founder and managing partner of Coho Capital Management, is one of the company's supporters. In his fourth quarter and full-year this to investors, a copy of [...]
Last month, another of Julian Robertson's infamous Tiger Cubs exited the hedge fund industry. Q4 hedge fund letters, conference, scoops etc Kaz / Pixabay Steve Mandel stepped down from his position managing Lone Pine Capital, the hedge fund he started after leaving Tiger Management in 1997. Mandel was employed initially by Robertson [...]
2018 was a year many long-short equity hedge fund managers would rather forget. Volatility returned with a vengeance and caught many managers off guard, particularly in the fourth quarter. The S&P 500 declined by more than 9% in December alone. Q4 hedge fund letters, conference, scoops etc Against this backdrop, Blue [...]
In recent years, a batch of hedge funds that trade liquid, more exotic markets has reported attractive double-digit returns, while the rest of the hedge fund industry has struggled to produce the kind of returns investors have come to expect. Q4 hedge fund letters, conference, scoops etc ThePixelman / Pixabay These hedge [...]
Seth Klarman once said that in investing, whenever you act, "you are effectively saying, I know more than the market. I am going to buy when everybody else is selling. I am going to sell when everybody else is buying." Q4 hedge fund letters, conference, scoops etcHe called this mentality, [...]
Below is a 13F Roundup for some high profile names for the fourth quarter of 2018. Q4 hedge fund letters, conference, scoops etc These statements are generally seen as a barometer of hedge fund sentiment, even though they are filed several weeks after the end of the quarter to which they relate. The [...]
When Wilmot Harkey set up Nantahala Capital Management in 2004 at the ripe old age of 26, even he doubted that it was the right decision. "A skeptic might question if I was old enough to know better," he told Value Investor Insight in 2009, "but it was what I [...]
Some of the biggest names in finance took to the stage at Context Summit Miami last month to discuss their organizations and biggest opportunities in the global marketplace. Q4 hedge fund letters, conference, scoops etc mohamed_hassan / Pixabay Highlights included the 'All-Star Allocators' panel which featured insights from Michael Marcus, partner and [...]
Quant hedge funds are being caught out by new lease accounting rules brought in at the beginning of this year, that's according to a research note published earlier this week by Morgan Stanley. Q4 hedge fund letters, conference, scoops etc cloudhoreca / Pixabay Under new US and GAAP and IFRS accounting rules, [...]
Regal Funds Management's Atlantic Absolute Return Fund, lost nearly half of its value in 2018, reporting a decline of -41% for the year to the end of December, according to investor correspondence that has been reviewed by ValueWalk. Q4 hedge fund letters, conference, scoops etc rawpixel / Pixabay The firm has gotten [...]
Julian Robertson is a Wall Street legend. The investment manager, who is commonly known as the "Father of Hedge Funds" founded Tiger Management in 1980 with initial assets of just $8 million. Q4 hedge fund letters, conference, scoops etc DerSilent / Pixabay Over the next two decades, Robertson grew the firm into [...]
Alkeon Capital Management's Alkeon Growth Partners outperformed its benchmark, the MSCI AC World index in 2018. The fund ended the year down -11.3%, compared to a loss of -13.1% for the benchmark. In the fourth quarter, Alkeon lost -4.7% compared to the benchmark return of -11.2%. Q4 hedge fund letters, [...]
In the third quarter of last year, Reuters revealed that HG Vora Capital Management, the $4 billion hedge fund managed by Parag Vora, had acquired an interest of 4.9% in US casino operator Caesars Entertainment Corp. Q4 hedge fund letters, conference, scoops etc fielperson / Pixabay According to sources at the time, [...]
"Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle." -- Warren Buffett Warren Buffett often tells investors that they should only be looking for potential investment opportunities that fall inside their circle of competence, [...]
Dov Gertzulin's DG Value Partners ended 2018 with a mixed performance. Q4 hedge fund letters, conference, scoops etc Skitterphoto / Pixabay The firm runs two portfolios based on the same strategy, one concentrated with a typical position size of 15 to 20%, and the other more diversified with the average position not [...]
Seth Klarman is one of the most respected value investors managing money today. His hedge fund, the Boston-based Baupost, has delivered annualized returns for investors in the region of 20%. These returns are even more impressive when you add in the fact that since inception, the firm's average cash [...]
During the fourth quarter of 2018, investors pulled a net $13.8 billion from US high yield exchange-traded funds and mutual funds. Over the same time frame, US high yield bonds suffered a negative total return of 4.5%. Q4 hedge fund letters, conference, scoops etc RyanMcGuire / Pixabay Most investors would look at [...]
At this year's Miami Context Summit, some of the biggest names in the finance world took to the stage to speak about their organizations and current opportunities in the global marketplace for the alternative asset management industry. Q4 hedge fund letters, conference, scoops etcFor more up-to-date hedge fund content, and exclusive [...]
To be a successful long-term investor, Seth Klarman writes in his 2018 letter to investors of Baupost, one must think like a relief pitcher. Investors need to have the proper wiring to succeed, to be able to think about the market from an objective perspective, and not be influenced by [...]
According to Seth Klarman’s 2018 letter to investors (stay tuned for more coverage), despite the “treacherous” market environment of 2018, his hedge fund, the Boston-based Baupost, “successfully protected” investors’ capital, a result that is undoubtedly a determination of the firm’s desire to limit risk above all else.The art of [...]
Thiele Capital Management's Thiele Marketplace Income fund returned 2.7% for the fourth quarter of 2018. For the year to the end of December, the firm produced positive net returns of 13.4%. Q4 hedge fund letters, conference, scoops etc geralt / Pixabay Following this performance, the Thiele Marketplace Income fund has produced a [...]
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