Joel Greenblatt Magic Formula Shorts and Longs in EEMA

Morgan Stanley analyst Ronan Carr looks at a backtest of an EEMEA Joel Greenblatt strategy in a recent report. Carr indicates that the strategy has produced 12.6% annualized long/short return over the last 5 years. Carr looks at both longs and shorts a brief excerpt on the topic with some charts (including specific stocks) below.

The ‘short’ screen has delivered consistent underperformance while the ‘long’ screen has begun outperforming in recent months following a 6-month period of underperformance.

Joel Greenblatt

Voss Capital is betting on a housing market boom

Housing MarketThe Voss Value Fund was up 4.09% net for the second quarter, while the Voss Value Offshore Fund was up 3.93%. The Russell 2000 returned 25.42%, the Russell 2000 Value returned 18.24%, and the S&P 500 gained 20.54%. In July, the funds did much better with a return of 15.25% for the Voss Value Fund Read More

Joel Greenblatt

Joel Greenblatt short screen