This Hedge Fund Is Buying Tobacco As It Believes Vaping Scare Is “Overdone”

Rupert Hargreaves

Published onNovember 20, 2019

The Tyro Absolute Return Fund gained 6.4% net in the third quarter of 2019 compared to the S&P 500's return of 1.9%. Following this performance, the fund is up 17.2% year-to-date, compared to a return of 20.6% for the S&P 500 total return index according to a copy of the firm's third-quarter letter to investors, which ValueWalk has been able to review.

Q3 2019 hedge fund letters, conferences and more

For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks.

vaping 1574288088 — lexphumirat / Pixabay

The Market Is Becoming "Increasingly Inefficient"

Writing in the "market commentary" section of...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

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

This Hedge Fund Is Buying Tobacco As It Believes Vaping Scare Is “Overdone”

The Market Is Becoming "Increasingly Inefficient"

Login required to continue reading.

Get Your Business News