What is perhaps most stunning about Starboard Value Opportunity fund is not their 1.95% positive July performance, according to a fund performance sheet reviewed by ValueWalk. Nor, by itself, is their 8.25% year to date returns most stunning even at a time when the S&P 500 was up a respectable 6.34% as of July. Also see our favorite hedge fund letters In a month when the biggest drags on performance involved Yahoo selling itself for a shell of its former self, resulting in 21 basis points of negative performance at Starboard, it was another losing position that illustrates a certain type…
The Letter To Investors Starboard Value's Jeff Smith Did Not Write
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.