This deep value fund outperformed on a “once-in-a-lifetime” opportunity; now has 50% of its AUM in ONE stock

Michelle deBoer-Jones

Published onNovember 20, 2019

The third quarter was a rather difficult one for most hedge funds, but this hedge fund came away with a tidy gain of 9.23% driven mainly by the timing of one giant investment. The fund outperformed the S&P 500's gain of 0.21% and the HFRI Equity Hedge Index's 0.63% decline.

Table of Contents

In his third-quarter letter to investors, which was reviewed by ValueWalk,

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Michelle deBoer-Jones

Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.

This deep value fund outperformed on a “once-in-a-lifetime” opportunity; now has 50% of its AUM in ONE stock

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