Brennan Asset Management talked about investing in Liberty companies during the first quarter. In his first-quarter letter to investors, which was reviewed by ValueWalk, Patrick Brennan said the declines they saw during the first quarter were mostly names with leverage, foreign currency exposure, and/ or tracking structures.
Q1 2020 hedge fund letters, conferences and more
He also observed selling in some financial service stocks, including some he would've thought would be more resilient to selloffs. He also said technical factors like selling anything with leverage or foreign currency exposures drove much of the selling, as did fear, rather than fundamental analysis.
Liberty Latin America Class C shares
One of the big positions...
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