"We know from history," Dan Rasmussen, the founder, and portfolio manager of Verdad Advisers told the Grant's conference earlier this month, "that the greater the consensus, the greater the chance of priced overshoots and crashes." "The more popular than narrative, the greater the risk of a bubble," Rasmussen, an alum...
Pat Dorsey's Dorsey Asset Management lost -2.9% net of fees during the third quarter of 2019. Over the past 12-months, Dorsey's Global Moat composite index has increased 10.4% net of fees compared to a 1.4% gain for the MSCI All Country World index. That's according to a copy of...
Tamas Eisenberger, the portfolio manager of Sikra Capital, pitched two shipping stocks at this year's London Sohn Conference. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. Eisenberger started his presentation by claiming that he doesn't know "of any other sector that's...
Per Johansson, the CIO and founder partner of Bodenholm Capital presented two ideas at this year's London Sohn conference, one long and one short. DarkoStojanovic / Pixabay Short German printer Johansson's first idea was to short German printing press manufacturer Koeing & Bauer. Bodenholm thinks this business is vastly overstating its real...
Brian Baldwin, partner, and senior analyst at Trian Fund Management, the activist US investor founded by Nelson Peltz, was the first to present at this year’s London Sohn Conference. Q3 2019 hedge fund letters, conferences and more For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check...
Pieter Taselaar of Lucerne Capital Management pitched this media play at this year's London Sohn conference. Q3 2019 hedge fund letters, conferences and more rawpixel / Pixabay For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. Founded in 2000, Lucerne...
Lombard Odier Investment Management’s Arnaud Langlois pitched this stock as a short idea. This industrial gas business is up 40% this year and is a “stock market darling,” Langlois said. Q3 2019 hedge fund letters, conferences and more jp26jp / Pixabay For more up-to-date hedge fund content, and exclusive access to value-focused hedge...
Below is our 13F roundup for some high profile names for the third quarter of 2019 (30 Sep 2019). 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. For more up-to-date hedge fund...
Over the past ten years, value stocks have struggled to keep up with the broader market. Q3 2019 hedge fund letters, conferences and more The Russell 2000 Value Index, for example, has underperformed the S&P 500 by 57% since November 2009, excluding dividends. If you’re looking for value stocks, and exclusive access...
Evaluating the intrinsic value of a business is more of an art than a science. And no one knows more about valuing businesses than the Oracle of Omaha, Warren Buffett. Q3 2019 hedge fund letters, conferences and more Over the past six decades, Buffett has built and refined his investing process....
Crispin Odey's flagship hedge fund strategy, Odey European Inc., which Odey established in 1992, appears to be having another bad year. According to a copy of the Odey International Fund's September tear sheet, the fund lost - 9.5% in September, following a loss of -7.2% in August. For more up-to-date hedge...
At the Greenwich forum earlier this week, hedge fund legends Paul Tudor Jones and Ray Dalio took to the stage to discuss the current macro environment. "As someone who consumes everything macro," Paul Tudor Jones declared, "I would compare Bridgewater to the Charter School movement in education." The legendary investor...
Despite the US-China trade war and cooling global economy, the venture financing environment remained robust in the third quarter of 2019, according to Cooley LLP's Q3 Venture Financing Report. If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden...
The broadening range of activity in global credit markets creates opportunities for active debt investors, that's the primary take away from Angelo Gordon's Fourth Quarter 2019 Capital Markets Perspectives research document. Q3 2019 hedge fund letters, conferences and more Angelo Gordon, which was founded in 1988 and today manages $34 billion...
Small-cap focused long/short hedge fund Hawk Ridge Management, returned 1.3% net in the third quarter of 2019. That's compared to a return of just 1% for its benchmark, the Russell 2000, according to a copy of the firm's third-quarter letter, which ValueWalk has been able to review. Q3 2019 hedge...
The collapse of Long-Term Capital Management (LTCM) back in 1998, was one of the biggest failures Wall Street has ever seen. Q3 2019 hedge fund letters, conferences and more The giant hedge fund had over $120 billion of assets at the time of its collapse, and its credit exposure was so...
Mohnish Pabrai's book, The Dhandho Investor: The Low-Risk Value Method to High Returns, has become required reading for value investors around the world. Q3 2019 hedge fund letters, conferences and more (more…)
Parsa Kiai's Steamboat Capital Partners returned -3.97% net for the third quarter of 2019. Q3 2019 hedge fund letters, conferences and more kalhh / Pixabay The long/short hedge fund was held back by its short positions during the quarter, according to a copy of the hedge fund's q3 2019 letter reviewed by...
At the 2019 Robin Hood conference, Whitney Tilson highlighted Fannie Mae as one of his favorite stocks in the current market. According to reports, Tilson believes that the mortgage giant could be a "Six Bagger" as he sees the potential for its intrinsic value to reach $18.50 per share. kalhh /...
After discussing Caron's three prescriptions for a miserable life, Munger moved on to some ideas of his own. Q3 2019 hedge fund letters, conferences and more If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. Be reliable Munger told...
In the past, when confronted with uncertainty and market volatility, investors have fled to bonds. However, the quiet, slow decline of bond yields over the past few decades has made this alternative strategy particularly unappealing. If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check...
Continued from part one... Q3 2019 hedge fund letters, conferences and more After discussing the types of business investors should be chasing, Mohnish Pabrai then went on to give some examples of his favorite trades in the MOI Interview. Following on from his advice on sticking with companies you know and understand,...
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