This Fund’s Q4 Winners Were All Shorts

Although 2018 was an especially difficult year for most hedge funds, many of them had a fairly decent year until December arrived. Krensavage Partners ended 2018 in the green, but the fund would have had a much better year if December hadn't been such a huge problem. Q3 hedge fund [...]

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Livermore Up 14% In 2018 On Pacific Gas and Electric Short

  Livermore Partners Q4 Partners Report January 17th, 2019 To Partners: skeeze / Pixabay The quarter and YTD performance took a hit in Q4. Mainly due to a seemingly hawkish Federal Reserve and slowing global economy. Thus, driving a global selloff that hit almost every asset class into year-end. For Livermore Partners and [...]

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Jana Partners Goes All-In On Activism

Jana Partners has announced plans to shutter its flagship JANA and Nirvana funds to focus solely on its activist-focused strategy. The firm informed investors of its decision on Tuesday in a letter, which was reviewed by ValueWalk. Jana turns fully toward activism Founder Barry Rosenstein and his team at Jana launched [...]

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Mohnish Pabrai: Outperforming In A Crisis

Mohnish Pabrai first opened his funds to outside money in 1999 with a little over $1 million in assets under management. He couldn't have picked a better time to start his career as an investment manager. Around 12 months after Pabrai funds first opened its doors, the dot-com bubble [...]

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Water Scarcity Is Now Shale’s Biggest Threat

Even before the price of oil collapsed in 2014, the US shale oil industry was widely criticized for its poor economics. Because production from shale wells starts to decline rapidly almost as soon as the well is complete, operators have no choice but to continually reinvest all available free [...]

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Seth Klarman’s Baupost Doubles Down On PG&E Bet

According to Baupost's third 13F filing, the Boston based hedge fund, which manages around $30 billion for clients, increased its position in Californian utility supplier PG&E Corp by more than 320% in the quarter to just under 19 million shares. At a price of $46 per share at the [...]

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JANA Partners To Focus Exclusively On Activism

JANA Partners has announced that it will be focusing exclusively on activism. In a letter dated 1/15/2019 a copy of which was reviewed by ValueWalk, Barry Rosenstein told investors: In 2010, we launched a dedicated, longer-duration shareholder engagement strategy called JANA Strategic Investments (JSI) as a complement to our flagship [...]

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