Growth Still Beat Value In 2018, Thanks To The Bear Market As Corsair Details SPAC Long Thesis In-Depth

If 2018 were a roller coaster, the last few months of the year would be the tall, steep hill the cars come careening down after spending much of the year climbing almost straight up to the top of that hill. While growth, momentum and tech stocks continued their dramatic run through much of the year, they took the rest of the equity market with them when they finally crashed—leaving value-focused funds without the gains they were expecting to see when the crash of growth finally came. Q3 hedge fund letters, conference, scoops etc Corsair Capital was down 11.5% for the…