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How To Be A Great Investor? Learn From The First Hedge Funds

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Rupert Hargreaves
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The investor Alfred Winslow Jones is widely cited as creating the world’s first hedge fund in 1949 by creating a market-neutral portfolio.

The fund manager’s aim was to reduce the risks of investing in the equity market by mitigating market risk (volatility) of the overall market and specific equity risk. 

Jones executed his strategy by acquiring assets he believed would rise in value relative to the performance of the overall market while selling short assets where he expected the price to decrease.

Q4 2022 hedge fund letters, conferences and more

Ben Graham

With these uncontrollable risks mitigated, he believed his portfolio’s performance would...

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Rupert Hargreaves

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

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