Whitney Tilson’s Kase Fund Falls 7.3% In 2015 As Long Bets Backfire
Whitney Tilson's Kase Fund declined 7.3% during 2015 versus 1.4% the S&P 500 (with dividends invested). Since inception to the end of 2015, the fund has returned 158.6% for investors, compared to the S&P 500 which has returned 128.6%. Since the relaunch of the Kase fund three years ago, 2015 has been the first down year. The fund gained 16.6% in 2013 and 13.7% in 2014, according to a letter to investor obtained by ValueWalk.
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