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Hummingbird Partners Q3 Letter: Two Unspoken but No Less Insidious Dangers

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Rupert Hargreaves
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Hummingbird Partners, a prominent long/short hedge fund founded by Frank Martin and Peter Wong ended the third quarter with a gain of 0.61%, compared with a gain of 3.9% of the S&P 500. Year-to-date the fund is up 2.63% compared to the S&P 500 7.8%. At the end of the third quarter, long equities were 46.7% of total assets.

Frank Martin of Hummingbird Partners on Cyclical Investing

Q3 hedge fund letters

Before starting Hummingbird Partners, Martin had his own investment management firm where his equity composite index beat the S&P 500 by some 700 basis points per year over its...

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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