Happy New Year! Bring in 2021 by enhancing your knowlsge of the hedge fund world. In this tool, Valuewalk provides its own exclusive and extensive coverage of hedge fund letters, as well as a huge aggregation and organization effort. This database is complied by scouring hundreds of sites, emails and...
Welcome to our inaugural issue of ValueWalk's hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Bill Ackman's comeback, a look at Alta Fox Capital, Prentice Capital having a strong year, Canyon Partners profiting on...
Gabriel Grego, a famous short-seller from Quintessential Capital Management, has claimed another victory for short-sellers around the world. This time around, it was a rather remarkable victory, as the problems with Penumbra have not been his standard fare. Instead of fraud, this time the problem was the company’s Jet7...
"A lot of smart people think they are way smarter than they are," Charlie Munger told his audience in a virtual Q&A session hosted by the California Institute of Technology earlier this week. This way of thinking, he went on to add, makes these smart people "worse than dumb people." The...
Earlier this week, the billionaire investor Charlie Munger took part in a virtual interview hosted by the California Institute of Technology on December 14th 2020. Q3 2020 hedge fund letters, conferences and more Warren Buffett's business partner and Berkshire Hathaway's vice-chairman covered a range of topics in the discussion, including the...
York Capital Management has decided to focus on longer-duration assets like private equity, private debt and collateralized loan obligations. The firm also plans to wind down its European hedge funds and spin out its Asian fund. Q3 2020 hedge fund letters, conferences and more York announces structural and operational changes York Chairman...
Mohnish Pabrai's flagship investment fund lost -13.2% for the nine months to the end of September, according to investor correspondence ValueWalk has been able to review. Despite recording a positive performance of 2.2% for the third quarter, the hedge fund has been unable to reclaim losses recorded earlier on in...
Below is our 13F roundup for some high profile names for the three months to the end of September 2020 (Q3) The statements only include equity positions as 13Fs do not include cash and debt holdings. What's more, the filings only provide a snap-shot of each fund's portfolio at the...
Russell Clark Investment Management was down 9.25% for September, although it is up 8.75% for the first nine months of the year. Losses occurred in both the long book and the currency book. Q3 2020 hedge fund letters, conferences and more The fund had over $256 million in assets under management...
Below is our coverage of the 2020 Greenwich Economic Forum Conference, which was held on November 9th to 11th, and hosted by the Greenwich Business Institute. The conference features speakers such as Ray Dalio, David Rubenstein and many more. Be sure to check back again, we will update this...
Tiger Global's public equity funds outperformed during the third quarter with its long and private portfolios contributing more than 100% of gains. On the short side, the portfolio generated positive alpha but absolute losses. Q3 2020 hedge fund letters, conferences and more On the long side, key contributors so far this...
Lee Ainslie's Maverick Capital gained 5.6% for the quarter to the end of September, according to a copy of its latest investor update, which ValueWalk has been able to review. Following this performance, the flagship investment fund was up 8% for the year to the end of September. In comparison,...
As Covid-19 has devastated the global economy in 2020, Ken Griffin and his team at Citadel have used the opportunity to snap up distressed assets at bargain prices. During an event last week for the Robin Hood Foundation, where trading legend Paul Tudor Jones interviewed Griffin, he said that his...
Softbank has spent most of its 2020 fighting fires. The Japanese conglomerate and its founder, Masayoshi Son, have struggled with legal battles, volatile markets, and reputational issues over the past 12 months. The Covid-19 pandemic nearly bought the company to its knees. To restore investor confidence in the junk-rated tech-focused...
As usual, the Robin Hood Investors Conference has brought several new investment ideas from some of the top minds in the wealth management business. Investors heard from Sachem Head's Barnes Hauptfuhrer, One Tusk Investment Partners' Vivian Lau, Lone Pine's Mala Gaonkar, Lakewood Capital's Anthony Bozza, CAS Investment Partners' Clifford...
David Einhorn's Greenlight Capital funds returned 5.9% in the third quarter of 2020, compared to a gain of 8.9% for the S&P 500 in the same period. This year has been particularly challenging for value investors. Growth stocks have surged as value has struggled. For Greenlight, one of Wall Street's...
At this year's Invest For Kids conference, hedge fund manager Jim Chanos pitched a tech giant as his favorite short idea. Jim Chanos is a Wall Street legend. The president and founder of Kynikos Associates made his name shorting Enron in the 1990s. He has since identified some of the...
Legendary value investor and college professor Joel Greenblatt of Gotham Asset Management has a new book coming out called Common Sense. He sat down with ValueWalk to talk about his new book and about value investing. Q3 2020 hedge fund letters, conferences and more This interview has been broken down into...
ValueWalk's fourth Contrarian Investor Virtual Conference is in the books, and one of the presentations during the conference was from researchers at White Diamond Research, who covered a MLM stock. They described it as "a bubble about to burst." Q3 2020 hedge fund letters, conferences and more (more…)
ValueWalk's fourth Contrarian Investor Virtual Conference is in the books with several new ideas from short sellers. Analysts at GlassHouse Research shared their thesis for a sportswear company, for which they see 51% downside in its stock. Q3 2020 hedge fund letters, conferences and more Accounting red flags GlassHouse looks for companies...
Siegfried Eggert of Grizzly Research presented his thesis for a small cap at ValueWalk's fourth Contrarian Investor Virtual Conference. He describes the company as a "perpetual" and "egregious pump and dump" as its stock "has had a date with almost all the hottest trends in the recent two years,...
Notes from the 12th Annual Invest for Kids Virtual Conference, featuring Sam Zell, Jim Chanos, Joshua Friedman, Jonathan Pollock and more. The Invest For Kids conference features presentations from well-known investment managers who present their market views and best investment ideas in concise 15 minute segments. Please note presentations from...
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