This Billion Plus AUM Contrarian, Valuation-Based Fund’s Top Holding Is Tesla: Here’s Why

HFA Padded
Michelle deBoer-Jones
Published on
Alphabet

The Contrarius Global Equity Fund's retail class shares returned -8.9% for the second quarter, versus the MSCI World Index's 0.3% gain and the -0.5% return for the average global equity fund. Year to date, the Contrarius fund is down 11.5%, versus gains of 14.2% for the MSCI and 11.4% for the average global equity fund.

Background on Contrarius

The Australia-registered fund with over $1.5 billion in AUM aims for a higher total rate of return than the global equity markets' average based on the MSCI World Index, including dividend reinvestment and net of withholding tax. The actively managed fund targets...

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here

Premium Members Get EVEN MORE VALUE

Subscribe to Hedge Fund Alpha

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe and get an extra 30% off annual with code LETTERS
HFA Padded

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.