Blackcrane Capital Warns Of Rising Tide

Blackcrane Capital Overseas Alpha produced a return for its investors of -3.14% gross for the year 2016 versus the MSCI EAFE return of 1.00%. Since the February 1, 2013, inception date through December 31, 2016,Daniel Kim’s Blackcrane Overseas Alpha Composite is up 41.35% gross, versus the MSCI EAFE return of 11.11% during the same period. Also see: 2016 Hedge Fund Letters Blackcrane’s Overseas Alpha fund had a rough end of the year. According to the fund’s fourth-quarter and full-year letter to investors, a copy of which has been reviewed by ValueWalk, Blackcrane suffered from the rally in financials during the…