As we approach the start of the month of September, it’s time to remind you that the window for investing in September is rapidly closing. I have no idea what the traditionally difficult month of September will bring us but I wouldn’t be at all surprised if there is a lot of volatility and a lot of opportunity. I have repeatedly expressed my enthusiasm for the market in numerous blog posts at the Sax Angle so if there is a September swoon we will have ample cash to take advantage of it. You have to be ready willing and able to pounce.
It’s pretty amazing how much some long- short equity funds have returned during the last 18 months. Our hats off to Privet Fund, LP up 97.3% over the last 18 months with a CAR 3yr. return of 23.33. There are many new names on the list and old standbys like Senvest Israel Partners, up 74.40% during the same time period. What’s more outstanding is that this has been a difficult time for most long-short professional managers including ourselves. Many names of well known fund managers are absent from this list. Often times emerging managers can outperform their more established peers for long periods of time but this list is devoid of any of those talking heads you see on CNBC. You can download a pdf of the complete listhere. I’m humbled that HSAX PARTNERS, LP is also on Barclay Hedge’s list of the Top 30 Long-Short Equity Fund Managers in the world over the last 18 months ending June 2012.
To add to that, we’re having our best month since February and are optimistic about the remainder of the year.
We have a short window that is still open for adding to the Fund. If you have any interest in investing or adding to your investment call me or Jeff Day (435-658-1934) as soon as you can to discuss timing.
All the best!
Harvey Sax
435-658-1934