The average hedge fund lost 6.9% in the first quarter, according to the HFRX Global Hedge Fund Index, but some well-known funds have reported much deeper losses.
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Mohnish Pabrai falls into this bucket. His flagship investment fund dropped 34% during the first three months of 2020, underperforming the Dow Jones Industrial Average and S&P 500 by 11% and 14.1%, respectively. That's according to a copy of the fund manager's first-quarter letter to investors, a copy of which has been reviewed by ValueWalk.
Pabrai's holdings slump on market fall
Much of this underperform stems from "significant" drawdowns in...
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