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Rookie Fund Managers To Follow?


berkshire101

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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.

 

No commentary, just providing information: lost 15.75% last year. Has done about 11% annually since 2007.

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There's this fellow Picasso at COBF Capital.  I heard he's done like 23% since 2008.  Hard to find his investor letters though...

 

but his paintings are well known. And they may have done pretty well since 1901 or so.

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Last rumour I heard is that he retired from investing and has dedicated his life to discussing Valeant on online message boards. Many others have done so before. Most of them did not recover. Sad but true.

 

We needed something to replace the ZINC board.  Question is what other forum he dedicates his life's work to when VRX trades under VRXCQ.

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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......

 

In his 2015 Annual Partnership Letter he only shows his performance from 2014 and on.

http://www.valuewalk.com/2016/01/meson-capital-2015-annual-partnership-letter/

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Came across this investment letter and 25 page compilation of investment ideas from Rhizome Partners. They have had 12.5% annualized returns while holding 39% cash and cash-like instruments. Here are my key takeaways:

- I think they have a solid investment process. It's refreshing to see how they would lay out the investment thesis at the time of investment and provide quarterly updates like in the 25 page compilation of main ideas as opposed to other funds which have letters every now and then. I feel like this allows the investors to gauge whether it was luck or skill that drove their returns.

- They seem to consistently find deep value real estate investment ideas, such as JW Mays, Caretrust, and FRP Holdings, which I think has a lot of upside.

- They turned down a large amount of seed capital to maintain control over the fund and do what's right for their partners. I think most managers would've shut down their fund and take the seed capital if they were in the same position.

- They have no major losses, I think their biggest loss was 3%.

Rhizome_Partners_Q1_2016_Investor_Letter_Final.pdf

Rhizome_Partners_Idea_Tracking_Q1_2016.pdf

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There's this fellow Picasso at COBF Capital.  I heard he's done like 23% since 2008.  Hard to find his investor letters though...

 

but his paintings are well known. And they may have done pretty well since 1901 or so.

 

I think all of us would have done pretty well since 1901 or so - until you adjust for inflation.

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