Even though performance figures are only just starting to emerge, it is becoming clear that 2018 was one of the worst years for hedge fund performance since the financial crisis. Q3 hedge fund letters, conference, scoops etc Pexels / Pixabay A few days ago hedge fund data provider Eurekahedge published its hedge [...]
Over the past few months, Californian utility Pacific Gas & Electric Co., has become a favorite of hedge funds. Several notable names were buying or increasing their holdings in the utility provider throughout the fourth quarter, including the likes of Seth Klarman's Baupost and Blue Mountain Capital Management, the $22 [...]
Benjamin Graham is generally considered to be the Godfather of value investing. His books, the Intelligent Investor and Security Analysis, which was written with his partner, David Dodd, have become the bibles of value investing and essential reading for any investors who want to take up the discipline. Graham's record [...]
BlueMountain's $4 billion Credit Alternatives Fund ended October on a high note. As ValueWalk reported at the beginning of December, according to the firm's October tear sheet, the fund was up 5.83% gross for the year to the end of October. Q3 hedge fund letters, conference, scoops etc As the broader [...]
This is part four of a short series outlining the 22 cognitive biases Charlie Munger talked about in his now famous speech, The Psychology of Human Judgement.Charlie Munger’s 22 Cognitive Biases [Pt. 1] Munger’s Cognitive Biases [Pt. 2] Munger’s Cognitive Biases [Pt. 3]Q3 hedge fund letters, conference, scoops etc22. Say-something syndrome and [...]
This is part three of a short series outlining the 22 cognitive biases Charlie Munger talked about in his now famous speech, The Psychology of Human Judgement. Q3 hedge fund letters, conference, scoops etc Parts one and two contain a brief introduction and biases' one through 12. In this part of the [...]
This is the second part of a short series outlining the 22 cognitive biases Charlie Munger talked about in his now famous speech, The Psychology of Human Judgement, which he gave in front of students at the Harvard Law School in June 1995. Q3 hedge fund letters, conference, scoops etc Part one [...]
Charlie Munger's speech he gave to Harvard Law School students in June 1995, is perhaps the most famous of all his lectures. Munger's speech focused on the psychology of human misjudgement and has since become known as 'Charlie Munger on The Psychology of Human Judgement'. Q3 hedge fund letters, conference, [...]
"How should Mr. Market's increasingly volatile behavior influence investors? In our view, investors should, more than ever, act on the assumption that any stock or bond can trade, for a time, at any price." The quote above is pulled from Seth Klarman's December 2000 letter to investors. Written at the [...]
The greatest investors, the most successful business managers in the world today have all followed different paths to get where they are. Some, like Jeff Bezos, have started revolutionary businesses, which have changed the world. Meanwhile, others, such as Warren Buffett have built business empires from scratch by investing [...]
November was a difficult month for most hedge funds. As stock markets around the world slumped, funds struggled in the adverse environment. Overall, hedge funds posted declines for November, with the HFRX Absolute Return Index and the HFRX Global Hedge Fund Index declining -0.41% and -0.62%, respectively.The Barclay [...]
Gator Financial Partners LLC, has an enviable track record. The financial focused hedge fund, which is part of Gator Capital management, opened its doors for business in July 2008. Since then, the firm has only lost money in three out of its ten full years of operation. Q3 hedge fund [...]
In 2012, Baupost, Seth Klarman's value-focused hedge fund turned 30. To celebrate, the seasoned value investor devoted around half of his year-end letter to investors dissecting and analyzing the firm's history, reflecting on the bad and good times since inception, and the qualities that have helped Baupost survive and [...]
Last year was the best year for hedge funds in a long time. According to data from hedge fund database provider Eurekahedge, which monitors the performance of 2,666 funds across the hedge fund landscape, funds returned an average of 8.45% in 2017, the best performance since 2013. But despite this [...]
2017 was one of the best years in performance terms for the hedge fund industry as a whole. According to data compiled by hedge fund database provider Eurekahedge, hedge funds (as defined by the Eurekahedge Hedge Fund Index, Eurekahedge's flagship equally weighted index of 2,666 constituent funds) added 8.45% [...]
Seth Klarman's Baupost Group hedge fund ranks among the world's largest and most admired, a position it has built for itself over the past three decades. During this period, the fund has produced a tremendous amount of wealth for its investors with an average compound annual return of around [...]
Mariamichelle / Pixabay Canyon Partners' Canyon Distressed Opportunity Fund II began investing investors money at the end of August 2016, and has, according to its third-quarter letter to investors, invested around 59% of its $1.46 billion capital to date. Q3 hedge fund letters, conference, scoops etc Canyon Partners is one of the [...]
"Several years ago, a friend outside the industry asked me to mentor him in Graham and Dodd, and I provided voluminous reading material and coaching. He was intrigued and energized, he said, and declared himself a value investor. Three months later, he informed me that he was giving up. [...]
For Seth Klarman's value-focused hedge fund Baupost the early 1990s was a tricky time. According to his letters to investors, between the end of 1990 and fiscal year end of 1996 (October 31), the hedge fund turned every $50,000 invested into $120,585 a compound annual return of 16.17%. Q3 hedge [...]
Gator Financial Partners, the financial focused hedge fund managed by Derek Pilecki is currently on track to do something that has only ever happened three times so far in its short history. Q3 hedge fund letters, conference, scoops etc The firm, which started trading in July 2008, is on track to [...]
Last week, at the Metropolitan Club in New York, the inaugural edition of Value Invest New York took place. Joel Greenblatt of Gotham Asset Management spoke at the event on the topic of value investing and whether or not it is still relevant today. Q3 hedge fund letters, conference, scoops [...]
Last week, at the Metropolitan Club in New York, the inaugural edition of Value Invest New York took place. Speakers included some of the most respected names in the world of value investing including Howard Marks of Oaktree Capital and Joel Greenblatt of Gotham Asset Management. Q3 hedge fund letters, [...]
