For the 12 months ended October 31, 1997, Seth Klarman's Baupost hedge fund produced a return of 27%, despite holding 20% of its assets in cash during the period. Over the same time frame, the S&P 500 returned 32%. The late 1990s was one of the most volatile and tough periods...
The Daily Journal Corporation's market value has exploded over the past decade, even as its core business has declined. The company's balance sheet has snowballed in size thanks to the investment skills of its chairman, Charlie Munger. Q4 2019 hedge fund letters, conferences and more If you’re looking for value stocks,...
Seth Klarman has been the manager of the Boston-based hedge fund, Baupost, for over three decades. During this time, he's seen some of the most volatile market environments of all time. These include the financial crisis and the dot-com bubble. If you’re looking for value stocks, and exclusive access to value-focused...
As equity markets around the world slumped in February, Alkeon Growth Partners managed to avoid the worst of the decline. Q4 2019 hedge fund letters, conferences and more According to its February investor update, a copy of which ValueWalk has been able to review, (more…)
At the Daily Journal Corporation's 2020 annual meeting of shareholders, which was held earlier this year, the company's long-standing chairman, Charlie Munger took over two hours of questions from the audience. If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. The...
The Laurium Limpopo Africa Fund is one of the few investment funds that provides direct exposure to the African continent. The $232 million long-only investment fund has a broad mandate to capture the full range of investment opportunities across Africa. It invests predominantly in public listed equities across Africa, excluding...
Since it was founded by Jeff Gates in 1996, Gates Capital Management has achieved a compound annual return for its investors of 13.6% net of fees and expenses. Q4 2019 hedge fund letters, conferences and more If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check...
At this year's Daily Journal annual meeting of shareholders, the company's chairman, Charlie Munger, took questions from the audience for two hours. Q4 2019 hedge fund letters, conferences and more He took questions covering a range of topics, including negative interest rates, bitcoin, and artificial intelligence. The audience also tried to...
While the broader stock and credit markets rode a wave of "discount rate compression and multiple expansion in 2019," idiosyncratic events "shaped the year" for Canyon Partners' Distressed Opportunity Fund II. If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. According...
Saba Capital's $620 million Close-End Funds strategy has a unique approach to investing. Q4 2019 hedge fund letters, conferences and more rawpixel / Pixabay The strategy's managers are on the lookout for closed-end funds trading at deep discounts. According to a copy of the firm's latest investor presentation, which ValueWalk has been able...
Canyon Distressed Opportunity Fund III is the latest offering from distressed debt investor Canyon Partners. The fund follows Canyon Distressed Opportunity Fund II, which began investing investors' money at the end of August 2016. Q4 2019 hedge fund letters, conferences and more StockSnap / Pixabay For more up-to-date hedge fund content, and exclusive...
Alkeon Growth Partners has achieved possibly best track record of any growth fund over the past two decades. Since its inception, on January 5, 1998, to the end of January 2020, the Growth strategy has returned 14.06% annualized and 1727.4% on a cumulative basis. If you’re looking for value stocks,...
In October 1998, Charlie Munger gave a speech to the Foundation Financial Officers Group at Miramar Sheraton Hotel, Santa Monica, California. Q4 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 out Hidden Value Stocks. In the talk, the...
Hedge fund results have been coming in thick and fast over the past few weeks. The results from the industry's most prominent players have attracted plenty of attention. Q4 2019 hedge fund letters, conferences and more rawpixel / Pixabay If you’re looking for value stocks, and exclusive access to value-focused hedge fund...
At this year's Daily Journal annual meeting, the company's chairman, billionaire investor and right-hand man to Warren Buffett, Charlie Munger, answered two hours of questions from the company's shareholders covering everything from electric vehicles to central bank monetary policy and China's rise over the past two decades. If you’re looking...
At this year's Daily Journal annual meeting of shareholders, the company's chairman, Charlie Munger, took questions from the audience for two hours. If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. He took questions covering a range of topics, including the...
The Canyon Balanced Fund returned an estimated 3.02% for the fourth quarter of 2019. Following this performance, the fund ended the year up 12.2% net of fees and expenses, according to a copy of its fourth-quarter and full-year investor letter, which has been reviewed by ValueWalk. For more up-to-date hedge fund...
"Do broadscale professionals need more multidisciplinary skill?" that's the crucial first question Charlie Munger asked as part of a speech at the 50th reunion of Harvard Law School class of 1984 in April 1998. Munger's speech was later published in full in his unofficial biography, Poor Charlie's Almanack. If you’re looking...
Independent registered investment advisor, First Wiltshire has been managing money for clients since the 90s, using a value-focused investment approach. According to the investment manager's fourth-quarter 2019 newsletter, its portfolio continues to have a value slant. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out...
In the late 1960s, Warren Buffett decided that he was going to shut down the investment partnerships he had been managing since he returned from working with Benjamin Graham in New York. Buffett had run out of ideas, and he believed that it was better to return investors' money than...
Hidden Hills Partners, the growth-focused hedge fund managed by Colin Yee, returned 17.5% net of fees and expenses in 2019. According to a copy of the firm's fourth-quarter and full-year 2019 letter to investors, a copy of which ValueWalk has been able to review, following this performance the fund has...
Lee Ainslie's Maverick USA fund, ended 2019 with a gain of 19.8% for investors according to a copy of the firm's 2019 performance tear sheet and letter, which ValueWalk has been able to review. The Maverick Levered and Long Enhanced Strategies returned 33.2% and 45.6%, respectively. The S&P 500 added...
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