As we move into 2020, Jesse Ho Head of Event-Driven at Carlson Capital believes the fertile M&A environment that persisted throughout 2019, is likely to continue over the next 12-months. Writing in his December and year-end letter to investors of the Black Diamond Arbitrage Partners fund, the fund manager speculates...
In trading and investing, the taste for “unpleasant truths” is slim. Q4 2019 hedge fund letters, conferences and more Pexels / Pixabay This is human nature… it’s always been this way. And we at MO know something quite important. We know it with the certainty of gravity: The millions who take the...
In an outtake from our Managed Futures Outlook 2020 – we can’t ignore the effect that politics have had on systematic trading programs over the past year or so. Something that could take a toll in the year to come…. Trade wars, new presidents and new economic policies or...
David Einhorn Q4 2019 Letter To Investors. See the full PDF at the bottom of this post. See much more exclusive Q4 hedge fund coverage here. Dear Partner: The Greenlight Capital funds (the “Partnerships”) returned 13.8%1 in 2019 compared to 31.5% for the S&P 500 index. Since its inception in May...
In 1958, Warren Buffett started buying shares in a small map company that he believed was seriously undervalued. Writing in his 1958 partnership letter, he did not reveal the name of the security, although he did declare that it had an estimated intrinsic value of $135 per share, compared to...
ValueWalk's Raul Panganiban interviews Jim Osman, the founder and CEO of The Edge Consulting Group. In this part, Jim discusses looking beyond face value, where investors should look for value, how should investors evaluate activists ideas, tips for novice investors, and if he has any favourite activist investors. Q3 2019...
Electron Capital Partners gained 7.4% net in all of 2019 following its 3.4% return for the fourth quarter. The fund has about $1.3 billion in assets under management. jarmoluk / Pixabay Flight to safety weighs on U.S. returns In his year-end letter to investors, which was reviewed by ValueWalk, Managing Partner Jos...
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of...
During his recent interview with Tobias, Steven Kiel of Arquitos Capital discusses investing using a Buffett Partnership style strategy. Here’s an excerpt from the interview: Q4 2019 hedge fund letters, conferences and more Image source: YouTube Video Screenshot Tobias Carlisle: So, these are all particularly interesting positions, how do you transition from...
We field a bunch of calls at the start of each month asking how that hedge fund, this emerging manager, and that mutual fund did last month, and thought to simplify things for you with this categorized list of different alternative investment performance for the month gone by. Q4 2019...
Northrop Grumman Corporation (NOC) operates as a security company. It provides various systems, products, and solutions in autonomous systems, cyber, space, strike, and logistics and modernization, as well as in command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR) to customers worldwide. The company operates Aerospace Systems, Innovation...
Every year, the markets provide us with lessons on prudent investment strategies. Many times, markets offer investors remedial courses, covering lessons it had taught in previous years. That’s why one of my favorite sayings is that there’s nothing new in investing, only investment history you don’t yet know. Q4 2019...
Seth Klarman is one of the greatest value investors alive today. Over the past few decades, his hedge fund, the Boston-based Baupost, which manages around $30 billion of assets for clients around the world, has achieved an average annualized return in the region of 20%. What's more, Baupost often...
ValueWalk's Raul Panganiban interviews Salil Mehta, statistician and risk consultant. He is the author and creator of the Statistical Ideas blog and he is the author of Statistics Topics. Q4 2019 hedge fund letters, conferences and more 200degrees / Pixabay Interview with Salil Mehta Transcript Hello, listeners, today's very special episode with Salil Mehta,...
Introduction Almost by definition, value investing rarely performs well in the short run. This is especially true when you are in a strong bull market like we’ve been in since March 2009. Most companies as represented by the S&P 500 are currently trading at fundamental multiples that are significantly above...
Mohnish Pabrai's Pabrai Investment Funds ended 2019 on a high note according to the value investor's year-end investor update, a copy of which has been reviewed by ValueWalk. According to the update, at the end of December 2019, Pabrai's flagship PIF2 fund was up 9.2% net for the calendar year...
"Price is what you pay, value is what you get," is one of Warren Buffett's best-known quotes. In investing, price and value are not one and the same. Q4 2019 hedge fund letters, conferences and more The market price offered is only a reflection of investor sentiment, and it does not...
When Howard Schultz opened his first coffee store in Seattle, he strove to replicate the experience of the coffee houses he’d visited in Italy; a place where people would come to meet, in a place that encompassed a welcoming and engaging atmosphere. Starbucks wasn’t to be just about selling...
We've been receiving quite a few tear sheets reporting December and full-year results for many hedge funds. While most of the funds have done quite well, Blue Mountain got killed last year. Blue Mountain CAIS CA Ltd. was down 3.21% for December and 16.54% for the full year. Blue Mountain...
Americans control almost 30% of the entire world’s wealth. Other countries aren’t that far behind anymore, and when measured collectively, Asia already boasts a higher total. That’s according to a new global wealth report from Credit Suisse. Q4 2019 hedge fund letters, conferences and more The U.S. remains by far...
Massif Capital commentary for the fourth quarter ended December 31, 2019. Q4 2019 hedge fund letters, conferences and more Dear Friends and Investors, The core portfolio of Massif Capital was up 3.7% during the fourth quarter of 2019, bringing the year-to-date performance to -3.9%. A detailed report on individual account performance will...
Livermore Partners commentary for the fourth quarter ended December 31, 2019. Q4 2019 hedge fund letters, conferences and more Markets continue to grind to fresh highs; Event-driven Livermore Partners closes 2019 with a gain of 138% percent (Not a typo). To Partners: Fourth Quarter began as a very challenging time for the markets....
Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:
Congrats! Are you a smart person?
We have an exclusive targeted for being a sophisticated and loyal reader.
Welcome in the new year by signing up up for ValueWalkPremium today and get our exclusive content for 40% off. This is our second biggest discount ever!!
Use coupon code VIP20 or click on the button below
Limited time offer only ENDS 1/31/2019 or after next 30 23 subscribers take advantage whichever comes first – please do not share this discount with others