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Giano Capital Adds Cyclical Stocks A “Barometer” Shows Rising Inflation

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Rupert Hargreaves
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Giano Capital returned 1.9% in August, taking the fund's year-to-date performance to 2.2%. Since its inception, Giano's flagship fund has returned 8.6% annualized, that's according to a copy of the firm's August update, which ValueWalk has been able to review.

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Inflation

Giano presents its returns going back to 1996, when the fund was first founded as part of Odey Investment Management. Today it is directed by Michele Ragazzi, who previously managed the long/short Odey Giano European fund.

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Before that, he was a partner and portfolio manager at Newman Ragazzi Partners, a company he founded. After leaving...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha