In their recent episode of the VALUE: After Hours Podcast, Taylor, Cassel, and Carlisle discussed The Calendar Portfolio. Here’s an excerpt from the episode: Q1 2021 hedge fund letters, conferences... Read More

We have listened to reader advice and now have the ability to sort quarterly hedge fund letters by date and by letter, so you know when this was last... Read More

“Economics is based on the concept of human action as purposeful behavior.” These are the words of economist Per Bylund, whose new book How to Think about the Economy: A... Read More

Burgundy: Have You Planned for Market Corrections? by Mathew Harrison, Burgundy Asset Management Many global markets have slipped into correction or near-correction territory.  As I write this, the TSX Composite... Read More

We have been living in an extraordinary era. And no, I am not referring to Dow 20000, or President Trump’s blunt style of governing. What I am referring to is... Read More

Institutional hedge fund allocators shouldn’t chase performance, as a study statistically shows that investing after high watermark performance typically underperforms the average of hedge fund performance going forward. Further,... Read More

In January, we had the opportunity to learn about a founder’s passion and drive to save his company. Retail entrepreneur, Julian Dunkerton, who won a proxy battle in early... Read More

The bottom line is the same as we’ve been saying here for over a year now, the risk of much higher prices materially outweighs the odds of significantly lower... Read More

In this month's PE Spotlight, we present an overview of first-time private equity fund managers, including: 2016 Hedge Fund Letters Investor appetite for first-time funds Historical fundraising trends The performance... Read More

It's a well-known fact that value investing tends to underperform in bull markets. As Seth Klarman wrote at the height of the dot-com bubble: “ ... I must remind you... Read More