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Bonhoeffer’s Keith Smith: Driving returns from managing risk and portfolio

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Jacob Wolinsky
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ValueWalk's Raul Pangabiban inteviews Keith Smith, the Portfolio Manager at Bonhoeffer Capital Management. In this part, Keith discusses how he manages risk, driving returns from a combination of portfolio management and risk management, and shares his views on active and passive investing.

Q3 2019 hedge fund letters, conferences and more

Keith Smith
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All right, yeah. So I just want to know, how do you define risk and how do you manage it?

Um, I think the risk is sort of long term destruction of capital, which would mean that economically guys are making poor decisions. And part of that is is most businesses...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid