First Wilshire: Speculators Are “Having Too Much Fun”

According to its second-quarter letter to investors, a copy of which ValueWalk has been able to review, First Wilshire Securities Management was able to outperform all of its main benchmarks in the second quarter.

Q2 2020 hedge fund letters, conferences and more

First Wilshire Performance figures

The letter noted that the firm's managed accounts outperformed the Dow Jones Industrial Average, S&P 500 Index and Russell 2000 Index in the three months to the end of June, despite these indexes reporting some of the best performances for the past three decades.

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In its letter, First Wilshire explained that it was...