Higher UST Yields Hit Hedge Fund Fees

Locust Wood Capital’s managing member Stephen J. Errico strikes a cautious note in his fourth quarter and full year letter to investors warning that, while the market can move higher from current levels “we need to be cognizant that’s a lot of this good news is already priced in.” According to the January 23rd letter, a copy of which has been reviewed by ValueWalk, 2017 was yet another healthy year for Locust Wood. Paul Tudor Jones Explains What He Learned From A Lifetime Of Studying Bubbles And Crashes [buffett] For the year, the secretive hedge fund produced a return of 13.4%…