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Rookie Fund Managers To Follow?


berkshire101

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Hello,

 

I'm wanting to study fund managers a bit more such has their thought process, philosophy, views on risk and allocation, etc.  So I can improve my process.

 

Are there any up and coming Fund Managers to keep a look out for?  Or fund managers who are under the radar?

 

Thanks in advance! :)

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there's always MPIC.  If you consider them "rookie"

 

Thanks!  I'll take a look at them.  I guess to get specific, I'm looking for managers with good track records and smaller AUM, in the millions and not billions.  The investment universe is smaller for managers with a lot of AUM.

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  • 4 weeks later...
  • 2 weeks later...

[Green Haven Road](http://www.greenhavenroad.com/investor-letters/) , Meson Capital, and Coho Capital.

 

Why Meson Capital? Although, he has a great story, his performance is subpar.

 

I agree. His first year (or 6 months) was amazing. After that it was poor. He closed up shop (and got rid of his track record) and started a new fund, I believe.

 

I'm fairly confident Meson Capital is still in existence. 

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  • 2 weeks later...

You might take a look at the Frank Value Fund (FNKIX)...

http://frankfunds.com/

 

Can i ask why? I see a fund that has underperformed the S&P over it's 12 year history.

 

I can't see a 12 year comparison right now, but 10 yr modestly outperformed the S&P 500.  I like his approach to valuing a business as PE would, EBITDA & FCF to EV.  Disciplined approach.  Not afraid to sit out if valuations don't look attractive...

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What about Kevin Byun at Denali Investors.  Seemed to be doing really well in the spin-off space, but it seems like the website hasn't been updated in quite a long time.

 

What irks me about his is when there's a bad year letters are impossible to obtain, but when he does well they're blasted everywhere.  Why not just be honest?  No one expects people to be perfect.  I don't like when guys try to hide bad performance.

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[Green Haven Road](http://www.greenhavenroad.com/investor-letters/) , Meson Capital, and Coho Capital.

 

Why Meson Capital? Although, he has a great story, his performance is subpar.

 

I agree. His first year (or 6 months) was amazing. After that it was poor. He closed up shop (and got rid of his track record) and started a new fund, I believe.

 

I'm fairly confident Meson Capital is still in existence.

 

The fund is different. Old track record is gone.

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Did he close up his old shop due to bad performance? I don't understand why some people do that. Why not just maintain one fund so it's easier to track your performance as an investor (unless of course you suck).

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Did he close up his old shop due to bad performance? I don't understand why some people do that. Why not just maintain one fund so it's easier to track your performance as an investor (unless of course you suck).

 

That's exactly why, performance sucks and if it sucks bad enough it's too deep of a hole to ever climb out of.  Instead it's easier to just shut down for some reason and re-open and hope you do better the second/third/fourth/whatever time around.

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Oddball,

 

The reason the funds shut down is that they are below the high water mark and so as strange as it sounds it's easier for them to shut down and then open a new fund.  Now you would think who is going to give them money but if they are a big enough name, there are plenty of people who want into the new fund. 

 

This was not an uncommon occurrence in the 2008/2009 period.

 

AtlCDore

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I think Meson started near the bottom of the market in early 2009. It had a crazy, crazy year. Up several hundred percent, I believe. That was the only good year from what I remember. Not sure if it even beat the market before it was closed up and the new fund was started. 

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Did he close up his old shop due to bad performance? I don't understand why some people do that. Why not just maintain one fund so it's easier to track your performance as an investor (unless of course you suck).

 

That's exactly why, performance sucks and if it sucks bad enough it's too deep of a hole to ever climb out of.  Instead it's easier to just shut down for some reason and re-open and hope you do better the second/third/fourth/whatever time around.

That is so disingenuous...it's pretty gross IMHO. If performance sucks so bad you can't recover, your career as a money manager should mimic that.

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What about Kevin Byun at Denali Investors.  Seemed to be doing really well in the spin-off space, but it seems like the website hasn't been updated in quite a long time.

 

What irks me about his is when there's a bad year letters are impossible to obtain, but when he does well they're blasted everywhere.  Why not just be honest?  No one expects people to be perfect.  I don't like when guys try to hide bad performance.

 

+1

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meson did his houdini shortly after his miraculous 600% performance was completely undone by 2013, while the market was going up double digits

 

surprisingly, he still quotes something like a 25% cagr for the old fund in his current fund facts details......

 

meson.PNG.1efe8b41a9ed3b0228a60153681317db.PNG

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