"Dear Limited Partner,
the Partnerships posted strong gains for the quarter, a substantial but not quite complete rebound from the first quarter drop. Precise results, including a breakdown of investment returns by category and a summary of investments at June 30, will appear in separate quarterly reports published on our website in early August. In the first quarter, we were substantial purchasers of securities, especially from late February through the end of March. For the second quarter, we were significant net sellers as prices rallied strongly, though we also initiated a number of new positions. Positive developments in a number of portfolio holdings, together with the broad market recovery, contributed to Q2 performance. Gains were led by eBay, Pacific Gas and Electric (claims and equity}, Liberty Global, Viacom CBS, Steinhoff, and Translate Bio. There were no material declines for the quarter in the public portfolio. The private portfolio was quiet, with scattered markdowns exceeding modest gains. Hedges cost us about 1% of NAV in the second quarter, after contributing about 3% in Q1."
Noch Fragezeichen? Baupost ist einer der H7 Hedgefonds und zwar bei der Neufinanzierung von Mattress Firm, der europäischen SEAG Gesellschaften und auch einzeln bei Conforama. Nicht schlecht, was die da von sich geben.
Die lassen sich ja meist sehr schwer in die Karten schaun.
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