2016 Hedge Fund Letters page is now up!

Q4 and H2 2016 letters and also some hedge fund conferences.

The links are not an endorsement whatsoever nor does any omission mean anything, besides for the fact that we do not find the letter interesting/newsworthy or we do not have access to it. More on that below.

If you are concerned about issues of confidentiality, privacy or other legal issues related to sending information, you can review the following ProPublica article on communicating confidentially.  ProPublica recommends that if you are sending information by mail, that you consider sending it without a return address, but we will accept any form of submission and protect your confidentiality to the full extent of the rights provided under the law.  Anonymous tips by email can be sent to tips(@)valuewalk.com.  Also for super secure-file sharing we like onionshare  and for messaging Signal App.

Pension funds in particular invest hundreds of billions of taxpayer (YOUR money) in hedge funds. According to a recent report by Willis Towers Watson  over $250 billion of pension money is invested in hedge funds and fund of funds. According to their own public records – New York City public pension funds alone have $4 billion in hedge funds and according to Barclays Prime Broker Research hedge funds have not generated positive alpha since 2011–  The future of journalism can either be watermelon squeezing or holding our Government officials accountable for how they allocate our retirement money.

NOTE: The list is in alphabetical order. To be completely accurate, while most funds listed below are hedge funds some are mutual funds or other (i.e. Berkshire Hathaway). The list is (mostly) in alphabetical order.

Last updated on 4/28/2017

Also check out prior hedge fund letters

2015

Q1 letters

Q2 letters

Q3 letters

2017 hedge fund letters

Q1 letters

Into great hedge funds focused on small caps? Check out our new site!

Q4 hedge fund conferences

  1. 2016 Hedge Fund Letters – Q4
  2. Absolute Return Letter- Brexit Election
  3. Absolute Return November
  4. Absolute Return “Hiccup Of The Year?”
  5. ADW Capital Up 25%, letter here
  6. Arlington Value
  7. Alluvial Capital
Anabatic Investment Management
  1. Aquamarine Dec letter on ZINC
  2. Aquitania
  3. AlphaClone
  4. Andurand Commodities
  5. Apollo
  6. Ariel October letter
  7. Ariel on Intl risk
  8. Artemis Capital
  9. Aristotle Capital
  10. Ardmore Capital closes
  11. Arquitos Capital up 55%
  12. Artko Capital, commentary
  13. Avenir Capital
  14. Ascend Capital
  15. Asia Frontier Capital
  16. Askeladden Capital up 56%
  17. Astellon Capital
  18. Astenbeck Capital October
  19. Astenbeck Capital
  20. azValor
  21. Balyasny
  22. Baupost Group, More
  23. More on Baupost, more from us, and more from us, and on ETFs
  24. Berkshire
  25. BlueTower up 33%
  26. Boyles YE letter
  27. Boyar
  28. Broyhill
  29. Blackcrane Capital
  30. Birch Grove Nov
  31. Brandywine
  32. Breach Inlet Capital
  33. Brenham Capital
  34. Brevan Howard Sept
  35. Brevan Howard Nov
  36. Brevan Howard Dec
  37. Broadhill Investment
  38. Bronte October
  39. Bronte Nov
  40. Bronte 2016 letter
  41. Buckley Capital
  42. Cable Car
  43. Carbon Investment Partners
  44. Carlson Capital, with a dire warning
  45. Canyon
  46. Centaur Value Nov
  47. Centaur YE
  48. Cook & Bynmun P&G
  49. Cobia Capital
  50. Coho Capital
  51. Cowan Asset Management
  52. CQS 2016 letter
  53. Crescat Capital, election date update, and more
  54. Crescat Global Nov
  55. Crescat Capital Q4
  56. Dodge & Cox on active
  57. Dodge & Cox Q4 2016 Commentary
  58. Donald Trump, more
  59. Eddie Lampert
  60. Eden Alpha
  61. EdgePoint Wealth
  62. Elevation Capital Dec
  63. Elliott on Marathon
  64. Elliott Management 2016, more, on Dodd-Frank, on monterary policy
  65. Elm Ridge Q4 – Up 25% YTD
  66. Emerging Value 2016
  67. Euclidean Technologies
  68. Evermore Value
  69. Fairfax Financial
  70. Fair View Capital
    Farnam Sreet
  71. Fasanara Capital November
  72. Fasanara December
  73. Fairholme Investor Call 11/18/16, official transcript
  74. Finchwood Capital
  75. Firebird
  76. Firefly Value
  77. Forage Capital Q4
  78. FPA November
  79. FPA – Steve Romick
  80. Gator Financial
  81. GladeBrook Capital closure
  82. Global Allocation Fund November
  83. Global Dec
  84. December
  85. Greenhaven Road
  86. Greenlight Oct update
  87. Greenlight Nov Update
  88. Greenlight Capital 2016 returns
  89. Greenlight Capital 2016
  90. Greenlight Masters 2016
  91. Greenwood investors
  92. Giverny Capital
  93. GreyOwl
  94. GoodHaven
  95. GMO Q4, Intl fund
  96. Half Moon Capital
    Hayden Capital
  97. Hayman Capital 2016 letter
  98. Hazelton Capital
  99. Heller House
  100. Hawk Ridge Partners shorts Avocados, full thesis
  101. Hoisington
  102. Horizon Kinetics
  103. Horseman Global on Trump and trade
  104. 2016 Hedge Fund Letters
  105. Horseman Global Nov letter
  106. Horseman – China broke?, the negative side of high yields
  107. Horseman Global 2016 letter
  108. Hugh Hendry Dec letter
  109. IceCap
  110. IceCap December
  111. IP Capital
  112. JDP Capital
  113. Jensen Growth
  114. Jensen
  115. JHL Cap 2016
  116. Kase Capital
  117. Kase 2016
  118. Lakewood Capital
  119. Laughing Water Capital
  120. Lemelson Capital 85%
  121. Leucadia
  122. Livermore Partners up 85% in 2016
  123. Lyrical
  124. Margate Capital
  125. Markel
  126. Martin Capital
  127. Maverick Capital
  128. Mittleman Brothers
  129. Moab Partners Oct – short Mexico exposure
  130. Moab November
  131. Moab Dec
  132. Mott Capital
  133. Muhlenkamp 2016 review
  134. NewGate Capital
  135. Oakmark Capital
  136. Oakmark Select
  137. October Absolute Return Letter – The New Normal
  138. OC Premium
  139. OC November
  140. Odey quiet after losses
  141. Odey November letter -down 50%
  142. Odey Q3 CC
  143. Odey Q4 CC
  144. Opus Dec
  145. Old Kings Capital
  146. Old West
  147. Omega Capital
  148. Open Square Capital
  149. Pierre Andurand Oct
  150. Pershing Square Oct update
  151. Pershing November update
  152. Pershing Square 2016
  153. Raging Capital Up 28% in 2016
  154. Ray Dalio confused about Trump, more from Daily Observations, bad call from Bridgewater here
  155. Ray Dalio on Trump
  156. Ray Dalio sours on Trump
  157. Reading Capital 2016 letter
  158. Renaissance Technologies Medallion Fund profile
  159. Regal Long/Short Fund Nov
  160. Regal 2016 – big losses
  161. Riposte Capital
  162. RGA Capital
  163. Route One