In the world of small value funds, Old Kings Capital stands out for its steady returns and lack of volatility. Managed by two Colombia Business School alumni Randall Heck & Brad Purcell, the hedge fund employs a long-short strategy with net market exposure generally between 30% and 70%. The managers attempt to achieve their investment objectives by emphasizing: 1) independent research, 2) fundamental due diligence focused on cash flow performance, and 3) valuation discipline. Over the years, Old Kings returns have not been market-beating, but the fund has achieved near market returns after fees with less volatility. Since inception (July…
Old Kings Capital: Betting On Trump Reforms
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk