Hedge Fund Letters Hub
March 15, 2019
Welcome to Harvest's Hedge Fund Letters Hub. A micro-community dedicated to hedge fund insights and reports.

Vltava Fund Q4 Letter

Approximately 8 years ago, in 2011, my colleagues at Vltava Fund and I sat down and debated the following topic: If we were to manage the Fund for another 30 years, how in the future could we bring additional value for the Fund’s shareholders above and beyond what would be possible by means of the investment strategy we are currently pursuing? Of the various possibilities raised, just one option remained in the end: taking short positions. We decided to commence doing so to a very limited extent and after approximately seven years to evaluate if we really could add value in this manner and whether or not we would continue with it into the future.

 

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