Kenmare Fund Has A Plan For Market Sell-Off

The equity investing environment continues to be characterized by low interest rates, low economic growth and full valuations, the Kenmare Fund noted to its investors in a July 29 letter reviewed by ValueWalk. It is in this environment the fund had a slightly negative quarter, down -1.6%, bringing the year to date loss to -1.3% at a time the S&P 500 was up 2.5% and 3.8% respectively. The fund lost on both its long and short exposure in the second quarter. Investor uncertainty and “safe havens” were good for those who purchased them six months (or six years) ago, the…