Moon Capital, the Huston-based global value fund returned -4.1% net for the second quarter of 2019 as global equity market volatility impacted returns. For the year to the end of the second quarter, the fund returned 3.8% net. Q2 hedge fund letters, conference, scoops etc Ponciano / Pixabay According to the hedge [...]
The defense industry is one of the largest in the world. Nearly every country sets aside a large portion of their federal budget for military expenditures, which can have a major impact on their economies. Q2 hedge fund letters, conference, scoops etc It’s breathtaking to see that the United States and [...]
Dear Fellow Investors, One of the all-time classic ballad songs is Nat King Cole’s “Unforgettable.” The song gives us a great picture of what has been going on in the common stock market with meritorious companies which have been thrown in the bargain bin. What makes a company unforgettable? What [...]
I’ve held off on commenting about the Wall Street Journal revelations that the CFP Board gave the impression on its website that advisors had a clean record when SEC and FINRA websites showed otherwise. Like most of you, I wasn’t at all surprised that there were unscrupulous CFP advisors– [...]
The economist John Maynard Keynes (1883-1946) famously said, “in the long run we are all dead.” He wasn’t saying we should ignore the long run—only that we shouldn’t ignore the short run. Economists of the time, Keynes argued, believed that economies had self-correcting tendencies that, if left unhampered by [...]
Hound Partners returned 23.35% gross and 18.32% net for the first half of the year with gains on both the long and short side. The long equity portfolio gained 19.5% gross, while the short equity portfolio gained 4.93% net. The firm's Long fund gained 20.76% gross and 19.93% net, [...]
ValueWalk's Raul Panganiban interviews Geoff Gannon, the portfolio manager at Focused Compounding Capital Management and co-hosts the Focused Compounding Podcast with Andrew Kuhn. In this interview, Geoff discusses finding overlook opportunities, dark stocks, how he determines a good investment, and not overlooking the risk of fraud. Q2 hedge fund letters, [...]
Value investing is simple to understand but challenging to implement. The process can be simplified by developing a strict set of rules and sticking to them religiously, according to Seth Klarman. Q2 hedge fund letters, conference, scoops etc Klarman is considered to be one of the best value investors of the [...]
Index Flash Update (14 August 2019) - Hedge fund managers recorded another positive month following strong 1H performance Q2 hedge fund letters, conference, scoops etc The Eurekahedge Hedge Fund Index was up 0.69%1 in July, supported by the gains in developed market equities and bonds over the month. The MSCI ACWI [...]
Here’s a great new paper by the team at GMO which discusses the factors that have caused the underperformance of value investing in the past decade, stating: Q2 hedge fund letters, conference, scoops etc rawpixel / Pixabay The performance of U.S. value over the last decade has led many to wonder whether [...]
What is nothing? What comes to mind when you imagine nothing? The moment we try to imagine what nothing is, we fail, because nothing cannot be envisioned. There is nothing to envision or ponder or even think about. Nothing is no thing. Q2 hedge fund letters, conference, scoops etc Yes, the [...]
Dividend Growth Investing is a strategy that focuses on companies that consistently raise dividends out of their rising stream of earnings. The goal of the dividend growth investor is to identify such companies, acquire them at an attractive valuation, and build their collection of businesses over time to create [...]
David Rubenstein was interviewed on CNBC this morning. These are the highlights: Q2 hedge fund letters, conference, scoops etc Image source: YouTube Video Screenshot (1) We can have a deal with China within 4 months (by December 15?). (2) We had an inverted yield curve for “10 minutes”. In 2007 we had an [...]
First, a disclaimer. We are not suddenly pro-market timing. We have always either advocated against it, or, at the most, argued for sinning a little (meaning don’t do much of it or only do it at true extremes – and even then don’t do that much of it!). Still, [...]
Money makes the world go ‘round. But, which currencies and assets make up most of the money supply? To find the answer, it takes a little more than looking at the total amount of currency in the world. The world’s money supply includes currency, cryptocurrency, precious metals, and any [...]
In just 50 years, world fertility rates have been cut in half. Q2 hedge fund letters, conference, scoops etc This sea change can be attributed to multiple factors, ranging from medical advances to greater gender equity. But generally speaking, as more women gain an education and enter the workforce, they’re delaying [...]
Viking Global Opportunities fund was up 8% for the second quarter. The fund's liquid portfolio returned 2.3% net, underperforming the MSCI World Index's 3.6% gain and the S&P 500's 4.2% gain. The long side of the portfolio gained 5.9% during the quarter, while the short side of the portfolio [...]
Continued from part one: Q2 hedge fund letters, conference, scoops etc Although he covered a range of topics in his presentation at Trinity College, the main takeaway from Pabrai's talk was the idea that no matter what skill set you have or where your circle of competence falls, as long as [...]
Global Quality Edge Fund commentary for the second quarter ended June 30, 2019. Q2 hedge fund letters, conference, scoops etc Dear investor, Global Quality Edge Fund's total return during the second quarter of the year was +1.95% and -1.5% when measured from inception (1st June 2017) until today (26th July 2019). In the [...]
FORECASTS & TRENDS E-LETTER by Gary D. Halbert August 13, 2019 Q2 hedge fund letters, conference, scoops etc Free-Photos / Pixabay IN THIS ISSUE: China Needs to be Punished, But Are Tariffs the Answer? China’s Repeated Broken Promises Got Us to This Point Trade Options Other Than Tariffs For Punishing China The US Could [...]
They say almost everything becomes attractive at the right price. And considering the 21% sell off in 13.4% yield Monroe Capital (MRCC) (due to its company-specific challenges, combined with the overall industry and market sell off), it is increasingly tempting to consider the shares of this diversified business development [...]
Power Corrupts. PowerPoint Corrupts Absolutely. - Edward Tufte, Yale Professor Emeritus Q2 hedge fund letters, conference, scoops etc Data visualization sits at the intersection of science and art. Having all the information in the world readily available at our fingertips doesn’t make it easier to communicate. It makes it harder. In [...]
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