T2 Partners just finished their Q4 conference call, during which they discussed lessons from last year and what they’re doing differently; most of the major long positions in the fund (Iridium, Wells Fargo, Grupo Prisa, Citigroup, Goldman Sachs, SanDisk, J.C. Penney (with a comparison to Sears), and Netflix); which ones they think are best bets to double this year; why they own some large-cap household-name companies; how they incorporate macroeconomic risk factors in their investment decisions; and two short positions, InterOil and Salesforce.com.
You can listen to the 85-minute recording of it by calling (209) 647-1699 and entering the following access code: 627309#. Or you can download an MP3 audio file of the call directly from the link given below:
Dan Loeb's Third Point returned 11% in its flagship Offshore Fund and 13.2% in its Ultra Fund for the first quarter. For April, the Offshore Fund was up 1.7%, while the Ultra Fund gained 2.3%. The S&P 500 was up 6.2% for the first quarter, while the MSCI World Index gained 5%. Q1 2021 hedge Read More