Corsair Capital Management has one of the best performance records around. Since inception in 1991, the Corsair Capital flagship fund has produced a total annualized return of 12.3% net for investors, that's compared to an annual performance of 11.2% for the HFRI Equity Hedge Fund Index, which has chalked up an annualized return of 11.2% over the same period. The S&P 500 and Russell 2000 have returned 10.4% and 11.2% annualized respectively.
Q3 hedge fund letters, conference, scoops etc
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The Corsair Select fund has put up a similarly strong performance since its inception in 2004. During this period the fund has returned 10.8% per annum compared to the HFRI Equity Hedge Fund Index's gain of 5% per annum.
So far this year, the performance of the two funds has been mixed. After a positive third-quarter for both Corsair Select and Corsair Capital, the latter is down 0.9% for the nine months to the end of September, while the former is down by 2.2% for the same period.
Value lagging
In Corsair's third-quarter letter to investors, a copy of which has been reviewed by ValueWalk, the firm blames the performance of value for its lackluster returns in 2018.
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