Parsad Posted October 24, 2013 Share Posted October 24, 2013 As of October 1, 2013, we are managing $2.5 Million of float of a small privately held insurance company in a separate account. I like the Founder/CEO quite a bit and explored getting them to invest in one of the funds, but the various state insurance regulations made that option too onerous. Besides, the US funds are closed. These funds represent a small percentage of their float. The amount we manage for them may increase over time. The investment style is likely to be a lot more concentrated than Pabrai Funds. When fully invested, three or four positions will likely make up 90+% of assets. I have not had any new investment ideas in about 15 months. Thus, as I write this letter, the separate account is 100% invested in money market funds. Alright groupies, go to work! Who do you think the CEO and company are? Is Mohnish diversifying into managing insurance assets? Could this be Monsieur Jain's National Indemnity? C'mon throw your ideas out there. Cheers! Link to comment Share on other sites More sharing options...
Mephistopheles Posted October 24, 2013 Share Posted October 24, 2013 I don't think National Indemnity fits the description of "small privately held insurance company". :) Link to comment Share on other sites More sharing options...
Parsad Posted October 24, 2013 Author Share Posted October 24, 2013 I don't think National Indemnity fits the description of "small privately held insurance company". :) I know, but I thought I would get people excited. Cheers! Link to comment Share on other sites More sharing options...
giofranchi Posted October 24, 2013 Share Posted October 24, 2013 When fully invested, three or four positions will likely make up 90+% of assets. Great! :) I have not had any new investment ideas in about 15 months. Great! :) giofranchi Link to comment Share on other sites More sharing options...
jay21 Posted October 24, 2013 Share Posted October 24, 2013 Does Pabrai make his letters available to the public? I would be interested in reading them. In regards to the question, he said privately held so I will have no idea. Link to comment Share on other sites More sharing options...
Parsad Posted October 24, 2013 Author Share Posted October 24, 2013 Does Pabrai make his letters available to the public? I would be interested in reading them. In regards to the question, he said privately held so I will have no idea. Unfortunately, the letters are not public. Cheers! Link to comment Share on other sites More sharing options...
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