Mohnish Pabrai Up 5.3% In 2016: A Year He'd Rather Forget As AUM Drops Around 20%

Mohnish Pabrai is well known in value circles around the world. His impressive investment performance over the years is testament to his rigorous process and commitment to value few hedge fund managers still follow. Between inception (June 2000) and June 2015, a $100,000 investment in Mohnish Pabrai’s leading fund would have turned into just under $800,000, an annualized return of 16%. Unfortunately, Mohnish Pabrai’s returns have suffered over the past year and a half thanks to one investment that blew up, costing the fund more than 30%. At year-end 2016 the leading Pabrai Investment was up 5.3% after a loss…