"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying...
"Surreal doesn't even begin to describe this moment," Seth Klarman noted in his second-quarter letter to the Baupost Group investors. Commenting on the market developments over the past six months, the value investor stated that events, which would typically occur over an extended time frame, had been compressed into just...
Seth Klarman's Baupost recorded "strong" gains for the second quarter, although precise numbers were not included in the July 23 letter to investors, which was reviewed by ValueWalk. Klarman said that during the first quarter, they were "substantial purchasers of securities," while during the second, they were "significant net...
Simply click the menu below to perform sorting functions. Page is updated very frequently so please come back or bookmark the page. This database is complied by scouring hundreds of sites, emails and last but not least Valuewalk's top-notch exclusive sources network. We believe we have the MOST extensive source out...
Rubicon Capital Group's situation analysis of Identiv Inc (NASDAQ:INVE). Q2 2020 hedge fund letters, conferences and more Identiv Inc. (INVE) Price: $5.25 Mkt Cap: $ 120 MM Ent Val: $ 130 MM EV / Rev: 1.5x LTM, 1.4x fwd. EV / EBITDA: 19.1x LTM, 11.3x fwd. Price Target: $10 + (trading), $20+ (transaction) Situation Analysis Identiv (“INVE” or...
Mohnish Pabrai's flagship hedge fund returned - 15.1% during the first half of 2020, according to a copy of its second-quarter investor letter, which ValueWalk has been able to review. That compares to a performance of +12.7% for the NASDAQ, -3.1% for the S&P 500 and -8.4% for the...
A lot has happened since the coronavirus pandemic began, but aside from the temporary selloff in March, the stock market has continued to hum along as if nothing has been happening. There's no denying that the financial markets have been changed by the pandemic, and investors should be thinking...
Acacia Capital was up 12.27% for the second quarter, although it remains in the red for the year because of how difficult the first quarter was. The fund is down 14.25% for the first half of the year. Q2 2020 hedge fund letters, conferences and more mohamed_hassan / Pixabay Top five holdings Acacia's...
Editor’s note: This article is part of a series ValueWalk is doing on tail risk hedge funds. The series is based on over a month of research and discussions with over a dozen experts in the field. All the content will be first available to our premium subscribers and...
Fastenal is one of the best-performing stocks of the past decade. Since the beginning of January 2010, shares in the industrial distribution company have yielded an average annual return of 16%, turning every $10,000 invested into $44,264. Q2 2020 hedge fund letters, conferences and more Image source: Yahoo Finance In many ways,...
Editor’s note: This article is part of a series ValueWalk is doing on tail risk hedge funds. The series is based on over a month of research and discussions with over a dozen experts in the field. All the content will be first available to our premium subscribers and...
Updated on 6/26/2020 at 10:28AM EST with more coverage. Notes from our coverage of UC Berkley's 2020 Virtual Fraud Fest Conference. UC Berkeley hosts an intimate discussion about the critical issues, technologies, and policies that drive financial fraud around the world. Berkeley’s annual “Fraud Fest” program brings together thought leaders...
The following are the notes from Jim Chanos's presentation at UC Berkeley's 2020 Virtual Fraud Fest Conference. Berkeley’s annual “Fraud Fest” program brings together thought leaders from the worlds of academia, finance, journalism, law, and more for an intimate discussion on the critical issues, technologies, and policies driving financial fraud...
Ben Graham VII Annual Conference, a two-day virtual conference, presented in partnership with Fordham University’s Gabelli Center for Global Security Analysis. Q1 2020 hedge fund letters, conferences and more The Ben Graham VII Annual Conference is the latest installment of CFA Society New York’s serialized, marquee (value investment) event. Conference Dates: Wed....
Editor’s note: This article is part of a series ValueWalk is doing on tail risk hedge funds. The series is based on over a month of research and discussions with over a dozen experts in the field. All the content will be first available to our premium subscribers and...
Simply click the menu below to perform sorting functions. As always we REALLY really appreciate legal letters and tips on hedge funds from our readers regardless of fund size. How is this different than irgwe aiyexwa? We have a lot more (on funds both large and small that few if anyone...
Editor’s note: This article is part of a series ValueWalk is doing on tail risk hedge funds. The series is based on several weeks of research and discussions with over a dozen experts in the field. All the content will be first available to our premium subscribers and some...
The Voss Value Fund and Voss Value Offshore Fund were down 18% net for the first quarter, compared to the Russell 2000's 30.6% decline and the S&P 500's 19.6% decline. Voss had a gross exposure of 141.1%. Its top 10 longs have a gross weighting of 77.1%, while its...
Overcoming your fears may allow you to capitalize on low valuations across the stock market Q1 2020 hedge fund letters, conferences and more Buying stocks at the moment presents a number of challenges for value investors. Chief among them is the risk that Covid-19 leads to a worsening in the economy’s...
The coronavirus has resulted in the greatest amount of economic stimulus ever. Paul Tudor Jones noted in his recent letter to investors, which was reviewed by ValueWalk, that the sudden drop-off in the economy took modern monetary theory from theory to practice without debate. The move left him "speechless." Q1...
Lee Ainslie's Maverick Fund had a disappointing first quarter, as did much of the hedge fund industry. However, there were four stocks in particular that had an outsized impact on the fund's returns. In his first-quarter letter to investors, which was reviewed by ValueWalk, Ainslie highlighted (more…)
Bitcoin could be one of the best assets to own as a hedge against inflation, according to the legendary trader, Paul Tudor Jones. In his latest macro strategy note, a copy of which ValueWalk has been able to review, Jones speculates that the recent surge in global monetary stimulus will...
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