Tollymore Investment Partners May 2019 Letter- The six deadly sins of institutional money management

Tollymore Investment Partners letter to investors for the month of May 2019. Q1 hedge fund letters, conference, scoops etc Dear partners, Three-year investment results The investment portfolio managed according to Tollymore’s investment philosophy was three years old on 10 May 2019. Over that period the portfolio generated cumulative returns of +76%, and annualised returns since inception of +21% per year. The cumulative outperformance of the Tollymore strategy vs. its benchmark over the three years was 24%1. The six deadly sins of institutional money management My professional experience has provided a broad overview of the institutional investment management industry. Tollymore benefits…