Sy Jacobs’ JAM Partners ended the fourth quarter up 13.8% net, improving its loss to -2.1% for 2020. Q4 2020 hedge fund letters, conferences and more According to a copy of the firm’s fourth-quarter and full-year letter to investors, which ValueWalk has been able to review, the long/short hedge fund, which prides itself on its financial sector investments, averaged the year around 0% long. Although, the beta-adjusted figure increased to more than 13% by the end of the year. The letter reported that short positions lost -21.9% during the fourth quarter, significantly “less” than longs, which earned 35.7%. Deep value…
JAM Partners’ Favorite Deep Value Financial Plays [2020 Letter]
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