Blue Tower Q3 2016 Update & Tyson Foods Thesis
The Blue Tower Global Value strategy returned 15.93% gross of fees in Q3 2016 (15.61% net) and
for 2016 year-to-date, it has returned 28.44% gross of fees (27.42% net). This has been the best
quarter, performance-wise, for the strategy and comes on the heels of what was the previous
best quarter.
One of our investments which has been successful for us has been Tyson Foods (TSN). We
initiated this position back in May and June of 2014, buying shares at an average price of $37.33
over those two months. With the price appreciation (trading at $69.54 as of October 21st) and
the dividends received, this position has done quite well.
for 2016 year-to-date, it has returned 28.44% gross of fees (27.42% net). This has been the best
quarter, performance-wise, for the strategy and comes on the heels of what was the previous
best quarter.
One of our investments which has been successful for us has been Tyson Foods (TSN). We
initiated this position back in May and June of 2014, buying shares at an average price of $37.33
over those two months. With the price appreciation (trading at $69.54 as of October 21st) and
the dividends received, this position has done quite well.
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