Kyle Mowery’s GrizzlyRock Capital added 0.4% net of expenses in the fourth quarter of 2018. The value-focused firm managed to achieve this return despite a -13.5% decline in the S&P 500 and -20.2% decline for the Russell 2000. Q4 hedge fund letters, conference, scoops etc According to Mowery’s letter to investors, a copy of which has been reviewed by ValueWalk, GrizzlyRock’s short portfolio was the fund’s main quarterly return driver, producing a 31% return on capital with a 56.9% average gross exposure for a 17.6% gross return. In comparison, longs returned an average of -16.7%. GrizzlyRock kept its head above…
GrizzlyRock Sells “Over Earning” Companies Leading To Positive Return In Q4
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk