Many have optimistic outlooks about the economy and markets 2021 because they expect the COVID-19 pandemic to end this year. Q3 2020 hedge fund letters, conferences and more Those outlooks vary mainly on when the inevitable boom will start. But nearly all assume… The coronavirus vaccines are safe and effective, They will be...
Mergermarket has released its Global M&A roundup for 2020, including its financial advisors league tables. Take a look at the report HERE and don’t forget to review the charts breaking down the activity by sector, value, year-to-year analysis, etc. Q3 2020 hedge fund letters, conferences and more A couple key findings...
The value vs. growth debate is one of the oldest arguments of the investment world. Value investors generally believe they have the right strategy, and until the financial crisis, the returns appeared to justify this conclusion. Q3 2020 hedge fund letters, conferences and more However, growth investors have ruled since 2009....
This is part three of a multi-part series on Seth Klarman, value investor and manager of Boston-based Baupost Group. Part one can be found here and part two can be found here. To ensure you do not miss the rest of the series sign up for our free newsletter. In...
The largest 6 stocks by market capitalization substantially outperformed the S&P 500 and the Dow Jones Industrial Average (DJIA) in 2020. The total market capitalization of these 6 technology stocks plus Berkshire Hathaway equals $8.75 trillion, about 27% of the total capitalization of the S&P 500 ($32 trillion). (Note:...
And the winner is… Q3 2020 hedge fund letters, conferences and more SUMMARY Momentum has been the clear winner across markets in 2020 Value has been the laggard like in recent years Low Volatility ended a 10-year fantastic run INTRODUCTION We present the performance of five well-known factors on an annual basis for...
Plenty of people made predictions for 2020, with hilarious results. Q3 2020 hedge fund letters, conferences and more So for 2021, I am going to give you my list of surprises instead. Surprise No. 1: There Will Be No Surprises That’s it. That’s the surprise—there will be no surprises! 2021 will be a boring year. Stocks...
Below is Agecroft Partners’ 12th annual predictions for the biggest trends in the hedge fund industry for 2021. These have historically been covered broadly by the media, including the last 6 years by Bloomberg Television and the last three by CNBC (see a few links below article). These predictions...
ETFs and other passive instruments have attracted record amounts of investor cash this year. In November, investors plowed $112 billion into long-term mutual funds and exchange-traded funds, a record not seen since January 2013 when $117 billion of investors' cash found its way into funds. ETFs were the most popular...
Baupost: Making Use Of Market Inefficiencies To Buy Debt A number of hedge fund managers and high profile investors have come out to criticize the deteriorating structure of the market over the past twelve months. Most of the complaints have centered around the volatility caused by high-frequency traders and a lack of debt...
This is part four of a multi-part series on Seth Klarman, value investor and manager of Boston-based Baupost Group. Parts one, two and three can be found at the respective links below. To ensure you do not miss the rest of the series sign up for our free newsletter. Part one ...
We’ve all heard the apocryphal quote attributed to Albert Einstein: “Insanity is doing the same thing over and over again and expecting different results.” Einstein might not have actually said it, but the quip nonetheless describes what Congress is doing right now with COVID-19 stimulus efforts to a T. Q3...
The Nomad Investment Partnership had one of the best track records in the hedge fund industry during the first decade-and-a-half of this century. Q3 2020 hedge fund letters, conferences and more With one of the best track records in the investment industry, the Nomad Investment Partnership was a well-regarded fund manager. Run...
2021 grains outlook from Jake Hanley, portfolio manager at Teucrium Funds, an issuer of agricultural commodity ETFs. Jake’s thesis here is that if grain balance sheets continue to tighten, then grains will likely be in a new secular bull market for 2021 and beyond. Q3 2020 hedge fund letters, conferences...
ValueWalk's Raul Panganiban interviews George Mussalli, Chief Investment Officer and Head of Equity Research at PanAgora Asset Management. In this epispode, they discuss quant ESG as well as PanAgora’s unique approach to it. The following is a computer generated transcript and may contain some errors. Q3 2020 hedge fund letters, conferences...
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Stock Market Operators. Here’s an excerpt from the episode: Q3 2020 hedge fund letters, conferences and more Stock Market Operators Bill: I don’t know. Something that you said that when we talked that, you wanted to be...
There are many ways to define risk. Warren Buffett has said that "risk comes from not knowing what you're doing." Q3 2020 hedge fund letters, conferences and more Is it a true black swan or just a mirage? His mentor, Benjamin Graham, believed that risk should be measured as the chance of...
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Invincible Industrialists. Here’s an excerpt from the episode: Q3 2020 hedge fund letters, conferences and more Image source: YouTube Video Screenshot Tobias: Bill and I recorded a long-form podcast on Bill’s new podcast called The Business Brew,...
Before I start this evening, I want to mention three old articles that I have written on personal credit issues. Now some of my articles on having enough cash on hand would also apply, but the following three articles meet the topic the best: Q3 2020 hedge fund letters, conferences...
According to Roll Call, House Majority Leader Steny H. Hoyer has indicated that Democratic leaders are planning to bring back earmarks to the appropriations process in the upcoming term. This comes less than a decade after a long battle to end their starring role in pork-barrel politics finally succeeded. Q3...
Hedge funds recorded their strongest return in over a decade lead by the long/short equities Q3 2020 hedge fund letters, conferences and more Equal-weighted and asset-weighted hedge fund performance Hedge fund managers the ended month of November up 4.49% on an equal-weighted basis, and 3.51% return on an asset-weighted basis. The better-than-expected...
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Treasure Hunting. Here’s an excerpt from the episode: Q3 2020 hedge fund letters, conferences and more Image source: YouTube Video Screenshot Treasure Hunting Jake: Anyway, all right. Our story starts with a Silver Star Vietnam air combat veteran....
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