From Whitney Tilson’s T2 Partners June Shareholder Letter
Dear friends and readers,
1) As the market continued its swoon, our fund bucked the trend last month and rose 4.2% net vs. -5.2% for the S&P 500, -3.4% for the Dow and -6.5% for the Nasdaq. Year to date, our fund is up 9.8% net vs. -6.6% for the S&P 500, -5.0% for the Dow and -6.7% for the Nasdaq.
Vanguard’s move into PE may change the landscape forever
Private equity has been growing in popularity in recent years as more and more big-name funds and institutional investors dive in. Now even indexing giant Vanguard is out to take a piece of the PE pie. During a panel at the Morningstar Investment Conference this year, Fran Kinniry of Vanguard, John Rekenthaler of Morningstar and Read More
Attached is our June letter to investors, in which we share our detailed (nine page) analysis of BP.
(Past performance is not indicative of future results. Please refer to additional disclosures at the end of the investor letter.)
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T2 Accredited Fund Ltr to Investors-June 10