White Bison Hit By Natural Grocers Has Worst Year Ever (UP 18 Percent)

Jason Dunn, the portfolio manager at value hedge fund White Bison Capital, writes in the firm’s full year 2016 letter to investors that he and his team seek to generate “long term average portfolio returns of 15% or higher, net of fees and expenses, while protecting against the risk of permanent capital loss”. 

To outsiders this may seem like an unrealistic goal, especially considering the rest of the hedge fund industry’s lackluster returns over the past few years. However, with five years of history now behind White Bison, it’s clear that this hurdle is not too high for Dunn and his team.

For the last five year, the Colorado based firm has achieved...