Kuppy’s Praetorian Capital: Seeking Value In Tankers

Harris Kupperman’s Praetorian Capital had a pretty rough first quarter. The fund lost 41.2% net of fees during the first quarter of 2020. That’s according to the firm’s first-quarter investor letter, a copy of which ValueWalk has been able to review. Writing in his first-quarter investor letter, Kupperman said that during the first three months of 2020, “all expectations went out the window,” pretty much everything the fund owned collapsed in value. If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. “During the first quarter, it didn’t matter if a…