According to a copy of the firm's February investor update, Dov Gertzulin's DG Value Partners returned +4.48% net for the month of February, which ValueWalk has been able to review. Q4 2020 hedge fund letters, conferences and more Following this performance, the firm has returned +8.32% net for the year to...
Abacab Asset Management's flagship investment fund, the Abacab Fund, had a "very strong" 2020, returning 25.9% net, that's according to a copy of the firm's year-end letter to investors, which ValueWalk has been able to review. Commenting on the investment environment last year, the fund manager noted that, due to...
Chilton Capital Management's flagship Chilton REIT strategy returned 0.4% gross for the year to the end of February, underperforming its benchmark, the MSCI US REIT Index, which returned 4.2%. Q4 2020 hedge fund letters, conferences and more Since its inception in January 2005, the strategy has returned 9.8% per annum gross,...
Warren Buffett published his annual letter to shareholders over the weekend. The annual update, which has become one of the largest events in the calendar for value investors, provided Buffett's views on one of the most turbulent and extraordinary years for the financial markets in recent memory. Q4 2020 hedge...
According to a copy of the firm's January investor update which ValueWalk has been able to review, the Odey Asset Management Odey Special Situations Fund returned 7.7% in January, outperforming its benchmark, the MSCI World USD Index, by 8.7%. Q4 2020 hedge fund letters, conferences and more The $60 million fund,...
Value stocks have outperformed growth investments in the last three months, setting a trend that could be present for the next few years, that's according to Jim Cullen, the Chairman, and CEO of Schafer Cullen Capital Management. Q4 2020 hedge fund letters, conferences and more According to Cullen's latest "Market Letter,"...
Last year, 248 Special Purpose Acquisition Companies were launched on the public markets. That was up from a total of 59 in 2018 and 46 in 2018. Q4 2020 hedge fund letters, conferences and more The sector is expected to see further growth in 2021. This year, 144 SPACs have already been...
Sio Partners, the specialist healthcare hedge fund, returned 0.9% net of fees and expenses in January, compared to a loss of -1% for the S&P 500 and a gain of 1% for the MSCI World Healthcare Index. Long investments contributed 12.6%, according to a copy of the firm's letter,...
Eric Khrom's Khrom Capital returned 61% net of fees and expenses in 2020, according to a copy of the firm's full-year letter to investors, which ValueWalk has been able to review. Q4 2020 hedge fund letters, conferences and more Following this return, since inception 13 years ago, the fund has returned...
This is part nine of a ten-part series on some of the most important and educational literature for investors with a focus on value. Across this ten-part series, I’m taking a look at ten academic studies and research papers from some of the world’s most prominent value investors and...
Crispin Odey's flagship investment strategy, the Odey European Fund, lost - 30.5% in 2020, according to a copy of the strategy's fourth-quarter letter to investors, a copy of which ValueWalk has been able to review. This was one of the worst performances in the fund's history. Since its inception in...
In Q4 2020, the Voss Value Fund, LP and the Voss Value Offshore Fund, Ltd., returned 20.8% and 20.7% to investors net of fees and expenses, respectively, compared to a 31.4% total return for the Russell 2000, a 32.7% total return for the Russell 2000 Value, and a 12.2%...
Below is our 13F roundup for some high profile hedge funds for the three months to the end of December 2020 (Q4). Also check our screener for more detail! Q4 2020 hedge fund letters, conferences and more The statements only include equity positions as 13Fs do not include cash and debt...
According to its website, RCI Hospitality Holdings, Inc. (RICK) owns and operates upscale gentlemen's clubs and restaurants. In addition to these businesses, the group also runs websites and has a media division. Q4 2020 hedge fund letters, conferences and more Pandemic problems Before the coronavirus pandemic, the company had reported several years...
ProAssurance Corporation (PRA) provides property and casualty insurance and reinsurance products in the United States. Q4 2020 hedge fund letters, conferences and more The company has struggled over the past few years to create value for its shareholders. Rising losses throughout 2018, 2019, and 2020 all but wiped out profitability. Meanwhile,...
This is this first part of an interview with Joe Koster of Boyles Asset Management, part of ValueWalk’s new, exclusive interview series. Throughout this series, we are publishing weekly interviews with up-and-coming value-oriented hedge fund managers. You can find links to the first two interviews below: Interview With Scott...
Company managements looking to achieve earnings growth often default to cost cutting, stock buyback, accounting gimmicks and other methods. But there is another way. More often than not, managements overlook pricing as a driver of earnings growth. Pricing power can be an effect way of boosting a company's bottom...
This interview took place on March 6 1976. At the time, a struggling insurer, Government Employees Insurance Company (GEICO) was making headlines as it teetered on the brink of bankruptcy. Ben Graham understood the opportunity GEICO offered, and that’s where the interview began. Ben Graham and his partners had, at...
The following letter from Irving Kahn appeared in the June 25, 1962, issue of Barron’s. Irving Kahn wrote to Barron's criticising the publication’s comparison of the 1962 market crash to that of 1929. Irving Kahn points out that based on volume and trading data, the 1962 decline was a...
Earlier this month, Greylock Capital Associates, an emerging markets hedge fund, filed for bankruptcy protection in New York assets under management dwindled from nearly $1 billion in 2017 to $450 million at the end of 2020. After three years of losses, Bloomberg reported that assets could drop below $100...
Far View Partners generated a return of 34.4% net of all fees and expenses in 2020, that's according to a copy of the firm's annual investor letter, which ValueWalk has been able to review. Since its inception on July 1, 2011, Far View Partners has generated a cumulative net...
First American Financial Corporation (FAF) provides financial services, including insurance services, residential real estate services, banking, trust, and wealth management services. First American has seen a surge in demand for home buying services over the past year. The Title Insurance and Services segment's total revenues during the third quarter were...
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