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Corsair Capital Slumps 19.8% On SPAC Losses [Exclusive]

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Rupert Hargreaves
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Corsair Capital lost 11.7% during the second quarter of 2022, bringing its year-to-date loss to 19.8% net, according to a copy of the firm’s half-year report, which ValueWalk has reviewed.

Meanwhile, the Corsair Select fund lost 20.9% net in the second quarter and 36.9% in the first half overall. In comparison, for the year to the end of June, the HFRI Equity Hedge (Total) Index declined -by 12.3% net, the S&P 500 lost -20%, and the Russell 2000 fell -23.4%.

Since its inception in 1991, the flagship Corsair Capital fund has returned 11% annualized after fees or 2,548% on a cumulative basis. The S&P 500 has returned 10.3% annualized and 2,074% cumulatively.

Q2 2022 hedge fund letters, conferences and more

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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