Old West Returns 23% In Q1 Betting On “Boring” Businesses – ValueWalk Premium
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Old West Returns 23% In Q1 Betting On “Boring” Businesses

Hedge funds are bleeding red ink, but there is one firm that continues to hold its head above water.

Old West Investment Management, which offers both separately managed accounts and an investment partnership, reported a positive performance for the first quarter.

Long-only separate accounts added between 12% and 18%. In comparison, limited partner returns ranged between 14.5% and 23% net of all fees, according to a copy of the firm's first-quarter letter, which ValueWalk has been able to review.

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