The 13Fs are trickling in, and I will be updating the portfolios shortly. A manager I was interested in checking out is MLF Investments run by Matt Feshbach – one of the most famous short sellers in history. I penned an article about his fund earlier this year titled “A long only short seller that probably wished he was short”.
He holds only four stocks in his fund, and all four have been getting pummeled. I was curious if he had sold out of any, or if he would have ridden them all the way down. With the exception of selling out half of La Z Boy (LZB), he still holds Ambassadors (AMIE) with HALF his fund’s assets. I am almost convinced that he is really short these companies – any readers invest with MLF?
Honestly, they look like four of the prettiest short charts I have ever seen. . .
That is amazing. Everything I can see online says that they own those stocks.
Maybe he has an options premium strategy running in tandem with those stocks for a “hedge” element to his fund. I use 2 well known sources first to start my DD process on any alternative investment. Neither one of my sources have data that gets reported by this guy. That in itself is a problem. I wouldn’t touch him until he makes his verifiable audits available to those interested in buying into him. Just eyeballing this charts, if he is long those stocks, he needs around a 250%-300% gain to b/e. That is as bad as the tech bubble burst in 2000-2002.
I cannot even find his AUM. It all sounds flaky to me.
You rememner what the old penny stock brokers used to say…..if you liked it at $4 you ougth to love it at 50 cents….
He still has about $70 million even after those big declines. . .
There truly are some strange hedge funds out there. It’s enough fodder for a whole other web site. Permit Capital basically invests in just two stocks over the last several years SBC and Am Tower. You need to pay 2/20 for this?
There truly are some strange hedge funds out there. It’s enough fodder for a whole other web site. Permit Capital basically invests in just two stocks over the last several years SBA Communications and Am Tower. You need to pay 2/20 for this?