Viking Global Poaches Quant PHD From IBM’s Watson To Manage Risk: Letter

Andreas Halvorsen's Viking Global lost 4.0% net for investors during 2016 as some of the fund's key positions fell while the rest of the market rose.

The Viking Global long/short fund lost 4.0% for the full year and -3.6% for the fourth quarter, according to the firm's full-year 2016 letter a copy of which has been reviewed by ValueWalk. Fourth quarter annualized volatility was 9.9%, and full-year volatility came in at 9.7%. Meanwhile, the Viking Long Fund returned -0.5% for the fourth quarter and 3.9% for the full-year with a full-year volatility of 15.6%. For the year the S&P 500 and MSCI World Index returned 12.0% and 9.0% respectively with volatility of 13.1% and 12.6%. Viking Long failed to beat the...