Whitney Tilson’s Kase Fund Down 2.8% In August, 7.0% YTD

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Rupert Hargreaves
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Kase Capital whitney tilson

Whitney Tilson’s Kase Fund fell 2.8% in August vs. -6.0% for the S&P 500. Year to date, the fund is down 7.0% vs. -2.9% for the S&P 500, according to a letter to investors reviewed by ValueWalk. Kase Fund’s better-than-average performance during August was driven by the fund’s short book. August was an excellent month to be short the market, and Tilson took full advantage. Tilson reports that after doing no trading during the first-half of the year, during August he banked substantial profits by trimming positions in Delta and JetBlue, while establishing a new short position in a levered ETF…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk