This deep value fund outperformed on a “once-in-a-lifetime” opportunity; now has 50% of its AUM in ONE stock
The third quarter was a rather difficult one for most hedge funds, but this hedge fund came away with a tidy gain of 9.23% driven mainly by the timing of one giant investment. The fund outperformed the S&P 500's gain of 0.21% and the HFRI Equity Hedge Index's 0.63% decline.
In his third-quarter letter to investors, which was reviewed by ValueWalk,
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