Throughout 2011 the team at investment newsletter Santangel's Review spent more than 30 hours interviewing Norbert Lou, the founder of Punch Card Capital LP, a $115 million investment partnership, which had produced outstanding returns for its investors since inception.
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Q2 hedge fund letters, conference, scoops etc
The interview, which was published towards the end of 2011, notes that since its June 1, 2004, inception, to the end of the third quarter of 2011 Punch Card have produced an annualized return for investors of 14.5%, compared to 2.2% annualized for the S&P 500. What's more, Norbert had been able to achieve this return with an average cash balance...
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