Pabrai Funds Springs Back After Horsehead

HFA Padded
Rupert Hargreaves
Published on
Updated on
horsehead

The Pabrai Funds – the hedge funds managed by value investor Mohnish Pabrai — have sprung back into life during the third quarter of 2016 after several quarters of underperformance. The three funds were up between 14.4% and 15.8% in the last quarter – meaningfully better than all three indices. Year-to-date the funds are down between 9% and 5.5% and last year the funds lost between 30% and 15%, according to a third quarter letter to investors reviewed by ValueWalk. All of Pabrai’s losses of the past two years can be traced back to one position: Horsehead. Also see   Q3 2016…

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HFA Padded

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