Bluetower Q1 Letter

Blue Tower Asset Management  is off to a slower start in 2017 but had a monster 2016 with an impressive 35% return. Check out our exclusive interview with the PM on some of the hedge fund’s favorite small caps. Also see Livermore Partners up 85% in 2016 (also profiled here) The Global Value strategy returned -2.90% gross (-3.14% net) for Q1 2017. Our performance this quarter was somewhat weak primarily Continue Reading →

Arquitos Capital Up 30% CAGR On 5 Year Fund Anniversary

We profiled Steve Kiel in our latest edition and he is killing it yet again. See his Q1 letter below and find the full issue here. Also see Arquitos Capital Up 55% In 2016 (28% CAGR) Amid Big Hedge Fund Interview: Steven Kiel: Arquitos Capital … – Arquitos Capital Partners returned 17.6% net of fees in the first quarter of 2017. Please see page four for more detailed performance information. Continue Reading →

The Small-Cap Investing Handbook Part One: Introduction

This is the first part of what will be a ten part series on small-cap investing. Throughout this series, I’m going to take a look at both the benefits, and drawbacks of investing in small caps, considering all of the evidence available to us today for both sides of the debate. When completed we are planning to turn the series into an e-book, which we hope will be a comprehensive Continue Reading →

Stanphyl Capital March Letter To Investors

February letter from Stanphyl Capital. The hedge fund was profiled in our second edition and returned 31% in 2016. Check out the post and especially the end of the PDF for more on their small cap stocks. For March 2017 the fund was down approximately 4.9% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 0.1% and the Russell 2000 was also up Continue Reading →

March Issue Of Hidden Value Stocks

NOTE: Existing members can skip to the bottom to find the full 40 page issue. We asked a ton of ValueWalk readers what their #1 goal was for improving their value investing. Can you guess what they said? No, it wasn’t more coverage of Apple or Tesla, those are already well covered by the likes of CNBC, sell side firms and blogs. Nor was it more coverage of risky leveraged Continue Reading →