Pabrai Funds Crushed, Down 20% In 2015 Thanks To Horsehead

The Pabrai Funds – the hedge funds managed by value investor Mohnish Pabrai -- saw the value of their assets fall by 19% during 2015 according to the firm’s fourth quarter and full-year 2015 letter to investors, a copy of which has been reviewed by ValueWalk.

Also see Hedge Fund Letters To Investors - A Compilation Of Top Funds

Growth vs. Value Stocks – Opportunity Knocks

This high double-digit loss has curbed the Pabrai Investment Funds’ gains since inception, but overall returns since inception are still eclipsing those of the benchmark indices. Since inception, the Pabrai Investment Funds have produced a cumulative net return of 535.2% for investors, or 12.9% annualised compared to a return of 4.4% on an annualised basis...