When Wilmot Harkey set up Nantahala Capital Management in 2004 at the ripe old age of 26, even he doubted that it was the right decision. “A skeptic might question if I was old enough to know better,” he told Value Investor Insight in 2009, “but it was what I wanted to do even if not the most immediate wealth-maximizing route.”
Q4 hedge fund letters, conference, scoops etc
Nantahala’s investors are undoubtedly glad Wil decided to stick with his choice, even if he thought it was not the most “immediate world maximizing route.”
According to a copy of the firm’s fourth-quarter and full-year 2018 letter to investors, a copy of which ValueWalk has been able to review, since inception, the fund has returned 409.4% net an annualized return of 12% after fees and expenses.
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