When it comes to investment performance, slow and steady generally wins the race when stretched out over long-term horizons. Even though this practice may not seem glamorous, one hedge fund explained in its year-end letter for 2018 that preserving capital is a wise move during times of extreme volatility.
Q4 hedge fund letters, conference, scoops etc
Maverick preserves capital
In his 2018 letter to investors a copy of which was reviewed by ValueWalk, Maverick Managing Partner Lee Ainslie said