Mohnish Pabrai's flagship investment fund lost -13.2% for the nine months to the end of September, according to investor correspondence ValueWalk has been able to review.
Despite recording a positive performance of 2.2% for the third quarter, the hedge fund has been unable to reclaim losses recorded earlier on in the year.
Pabrai's investment funds suffered heavy losses during the first two quarters of 2020. Across Pabrai Funds' three investment vehicles, losses ranged between 28% to 40%.
Nevertheless, despite this performance, the fund manager is excited about the firm's current investment portfolio. In his third-quarter letter, he noted that during the past 21 years, the firm had suffered "four lousy years and seventeen good ones."...
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