At the Value Invest New York conference last week, James Wilson of Phoenix Asset Management Partners discussed his long thesis for Hingham Institution for Savings (NASDAQ:HIFS), a littler-known regional U.S. bank that he said has been trading at a discount. Wilson manages Phoenix’s performance-fee-only strategy, The Huginn Fund, which has an international focus. He said they originally tested the idea in the U.K. and found that it worked, so they decided to try it overseas in a new fund. Now five years later, the performance-fee-only strategy is up by about 65%, versus the benchmark’s gain of 35%. As far as…
Value Invest New York: Is This Bank Better Than JPMorgan?
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
