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Top Fund Manager Explains Why Adding to a Loss-Making Position Sometimes Makes Sense

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Michelle deBoer-Jones
Published on
Updated on
Westwing
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Far View Capital Management returned -1.7% net for the first half of 2024, including a 7.2% gain in the first quarter and an 8.3% decline in the second. Since its inception in July 2011, Far View Partners has cumulatively returned 109.53% net for a compound annual growth rate of 5.86%.

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During the first half, Far View recorded positive returns from Trustpilot Group PLC (LON:TRST) on the back of continuing improvements in profitability and aggressive share buybacks. FD Technologies also notched gains for the fund following its commitment to sell its legacy First Derivatives consulting division and...

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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.