H/T to David of http://dahhuilaudavid.blogspot.com/, for sending this to me.
Below is a short and interesting interview conducted by Wealth Insight, with Francisco Garcia Parames, co-manager of Spain based Bestinver Asset Management (he has been called “the Warren Buffett of Europe”. Ask anyone familiar with the Spanish (orany European value funds) and they will tell you Bestinver is by far the value fund in Spain.
The older Bestinfond Fund launched in 1993 has a cumulative return of 1,757% (as of Feb 28,2011) as compared to only 416% for the benchmark. That’s a 17.5% compounded annual return (CAGR) over the last 18 years compared to benchmark returns of 9.5%— a record that would put many a fund managerinto the shade. The newer Bestinver Internacional Fund launched in1998 has given cumulative returns of 278% asagainst the 16 per cent (cumulative) returned by thebenchmark MSCI World Index (as of Feb 28, 2011).That’s a 10.6% CAGR compared to1.1 per cent returned by the benchmark.
David Einhorn's Greenlight Capital returned -2.9% in the second quarter of 2021 compared to 8.5% for the S&P 500. According to a copy of the fund's letter, which ValueWalk has reviewed, longs contributed 5.2% in the quarter while short positions detracted 4.6%. Q2 2021 hedge fund letters, conferences and more Macro positions detracted 3.3% from Read More
Below is a brie excerpt followed by the document in scribd: