Centaur Value Fund: Up 12% In 2016 With 50% Cash Cushion

The Centaur Value Fund, which we’ve covered many times before here at ValueWalk, has just capped off another great year.

• Interview with Zeke Ashton of Centaur

• 2016 Hedge Fund Letters

Managed by Zeke Ashton, the Centaur Fund invests with a value slant and always has a healthy cash balance on hand to take advantage of opportunities. At the end of the year, Centaur had a market exposure of only 50%, down from a long exposure of 80% and net exposure of almost 70% at its peak exposure which was during July. However, despite being long cash for most of the year, the value fund achieved a net return of 12.5% for its investors during 2017 compared to a...