Jacob Asset Management's flagship investment partnership, JAM Partners, returned 1.5% net in May according to a copy of the firm's May investor update, which ValueWalk has been able to review. Q1 2020 hedge fund letters, conferences and more According to the update, the boutique asset management firm's flagship investment strategy benefited...
Warren Buffett has completed hundreds of deals throughout his long investment career. From the multi-billion dollar acquisition of BNSF to the <$10 million deal for National Indemnity, Buffett track record of acquiring businesses is almost second to none. However, there are a handful of deals in Buffett's career that stand...
Taking a loss on an investment is something every investor will have to endure at some point or another in their careers. But it's not avoiding the damage that makes a great investor; it's how you handle the loss. Q1 2020 hedge fund letters, conferences and more One of the biggest...
Soon after the $19 billion hedge fund, BlueMountain Capital Management was sold to Assured Guaranty for $160 million in the second half of 2019, the firm announced the closure of its $2.5 billion flagship BlueMountain Credit Alternatives Master Fund. The decision to close the fund came after years of underperformance....
Writing in his first-quarter letter to investors of the Pabrai Investment Funds, Mohnish Pabrai explained that his investment strategy had changed significantly since the last global crisis. He wrote that in the last global crisis, the great financial crisis, he was interested in buying cheap stocks at deep discounts to...
The holy grail of investing is finding stocks that have the potential to be multi-baggers. Defined as 'stocks that give returns that are several times their costs' multi-baggers can make your investment career. However, finding these stocks is not an easy process. Nor is there a clear-cut set of rules for finding...
Li Lu is one of the world's most significant value investors. He managed money for Charlie Munger and has been tipped as a possible candidate to take over from Warren Buffett when he leaves Berkshire Hathaway. A 270% Gain In 12 Months From ValueWalk No Backtest, Average Gains Of...
There are many different behavioral and psychological factors that can impact an investors' decision-making process. Confirmation bias can be one of the more damaging. Q1 2020 hedge fund letters, conferences and more Confirmation biases impact how we gather knowledge and influence how we interpret and record information. The fact that it...
"It should not be an objective to broaden your circle of competence," Mohnish Pabrai declared in a Q&A session with Harvard students at the beginning of April this year. Q1 2020 hedge fund letters, conferences and more If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers,...
In his now-famous essay, The Superinvestors of Graham-and-Doddsville, Warren Buffett highlighted the careers of six (seven including himself) highly successful value investors. The piece was written to show readers that value investing was not some complicated science or complex set of formulas. Q1 2020 hedge fund letters, conferences and more Instead,...
In his 2010 annual letter, Seth Klarman wrote about the 20 lessons he took away from the 2008 financial crisis. Ten years on, these lessons are just as valuable today as they were when Klarman first published the list. Q4 2019 hedge fund letters, conferences and more If you’re looking for value...
Every investor makes mistakes. Unfortunately, it's just part of the investment process. However, it is how you deal with errors that separate the good investors from the bad. Q1 2020 hedge fund letters, conferences and more The financial crisis was a wake-up call for a lot of investors. In the years...
The first figures on how the global coronavirus pandemic is impacting venture capital markets have started to emerge. The picture isn't pretty. Q1 2020 hedge fund letters, conferences and more According to Cooley LLP's Q1 2020 Venture Financing Report, venture financing activity remained relatively robust during the first four months of...
The hedge fund industry experienced one of its toughest quarters on record in the first quarter of 2020. Q1 2020 hedge fund letters, conferences and more Investors withdrew their money at the fastest pace since the financial crisis, and many firms reported double-digit drawdowns during the first three months of the...
It has been a mixed year for hedge funds, according to initial figures. Macro and credit hedge funds have performed particularly well in volatile markets. Meanwhile, long/short equity funds have struggled. According to data from HSBC, the title of the best performing hedge fund so far this year goes to...
Lee Ainslie's Maverick Capital seems to be having relatively good 2020. According to a copy of the firm's April performance tearsheet, which ValueWalk has been able to review, Maverick's Hedged Equity strategy gained 12.1% gross in April. Following his performance, for the year to the end of April, the fund...
Below is our 13F roundup for some high profile names for the first quarter of 2020 (March 2020). For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. The statements only include equity positions. 13Fs do not include cash and debt holdings and...
Wilmot Harkey's Nantahala Capital Management returned - 2.7% net of fees and expenses in the first quarter of 2020, substantially outperforming the Russell 2000 and S&P 500. tpsdave / Pixabay According to a copy of the hedge fund's first-quarter letter to investors, which has been reviewed by ValueWalk, following this performance,...
Mohnish Pabrai believes that one of the best ways to get ahead is to clone the actions of other successful investors. Q1 2020 hedge fund letters, conferences and more Speaking as part of a Q&A session with fellow value investor Francis Chou at Harvard at the beginning of April this year...
Mohnish Pabrai has said that he likes to be a "harsh grader" when it comes to picking stocks. Q1 2020 hedge fund letters, conferences and more He's also said that he likes to use the same approach when it comes to people. If you’re looking for value stocks, and exclusive access to...
Warren Buffett has often said that investors should only buy stocks that fall inside their circle of competence. That's easy enough to say, but many investors may find it hard to define their sphere of competence concretely. If you’re looking for value stocks, and exclusive access to value-focused hedge fund...
Hedge funds sell themselves on the ability to be able to profit in both bull and bear markets. However, according to a recent research report from Societe Generale's Global Asset Allocation team, hedge fund performance was hit by this year's volatility spike. If you’re looking for value stocks, and exclusive...
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