Ever since leaving the expansive nest of George Soros and his celebrated Soros Portfolio Management in 2008, former portfolio manager Joshua Berkowitz has struggled to bring the same magic with him to his independent fund venture. While under Soros the funds Berkowitz managed delivered a stellar annualized return of 34%, since his leaving and launching Woodbine Capital Advisors in 2008, Berkowitz has delivered rather pedestrian results by comparison. Unfortunately, 2013 won’t help shine this somewhat tarnished image. According to an investor letter reviewed by ValueWalk, Woodbine will close out 2013 with just 5.26% return at a time when the S&P…
After Leaving Soros, Berkowitz Hasn't Captured Same Magic At Woodbine
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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