Hedge Fund Alpha

At the 2025 Value Investing Seminar, Gianfranco Rosati, a value and special situations investor, presented a detailed analysis of a Swedish-based consumer packaging company.  Prior to managing proprietary capital and advising investment funds, Rosati specialized in evaluating serial acquirers, conducting private equity-style due diligence, and assessing per-share performance, Return on Invested Capital (ROIC), and reinvestment … Read more

Amati Global Investors is an independent boutique manager that invests in small and mid-size companies. The company was established in 2010 in Edinburgh and is led by Paul Jourdan. Their Global Innovation Fund strategy is based on long-term (5+ years) investments in companies that create value from innovative products or services. The primary sectors for … Read more

Every investor wants to know how to make massive returns, but it can be difficult to decide which of the many dizzying approaches to take. Ron Baron of Baron Capital Management advises investors to invest in companies that they can imagine what they will be. At the 2025 Morningstar Investment Conference, Baron joined Morningstar’s Adam … Read more

Robert W. Wilson was primarily known for his pioneering hedge fund work through his company Wilson and Associates. His value investing strategies, combined with other great names from the industry, set the groundwork for value investing that we know today. Besides investing, Robert Wilson was an avid philanthropist, and several sources mention figures like $400 … Read more

At the 2025 Ben Graham Conference, the International Value Investments panel explored whether global value stocks are finally poised to outperform. Moderator Henry Mallari-D’Auria, CIO of Global & Emerging Markets Equities at Ariel Investments, led the discussion with panelists including Matthew Fine, Portfolio Manager at Third Avenue Management; Christian Heck, Portfolio Manager at First Eagle … Read more

At the 2025 Ben Graham Conference, the panel “Value Selection in the US Stock Market” examined how seasoned value investors are navigating elevated market concentration, shifting consumer trends, and valuation extremes. Moderated by Paul La Monica, Senior Markets Analysis Writer at Barron’s/Dow Jones, the panel featured insights from Michael Gallant, Portfolio Manager and Director of … Read more

New data from the Citco group of companies’ (Citco) – the asset servicer with over $2 trillion in AUA – most recent data, reveals that hedge funds achieved one of the highest monthly inflows of recent years, at $6bn. All-in-all, the vast majority of funds are in the green, with 80% of Hedge Funds administered … Read more

Cable Car Capital’s letter discussing their long position in Oruka Therapeutics Inc (NASDAQ:ORKA). Dear Friends, The fierce urgency of the moment compels my first public investor letter in more than four years. I will share a few updates and portfolio-related comments at the end, but since the fund is closed to new partners, I pray … Read more

Qualivian Investment Partners commentary for the first quarter ended March 31, 2025. “In up markets everyone tries to become long-term investors. In down markets everyone turns into macro strategists, geopolitical experts, and market timers.” – Ian Cassel Overview Qualivian Investment Partners is an investment partnership focused on long-only public equities. We own a concentrated portfolio … Read more

Alpha Low Volatility Fund commentary for the month ended May 31, 2025. The Low Volatility Fund continued its string of strong returns combined with capital preservation with a 4.72% May showing during one of the most volatile markets in recent history. Year to date performance of 10.32% outperforms  all U.S. equity indices as well as the … Read more