Follow the Money Managers
When I first started writing for Real Money I was one of only a handful of people tracking the quarterly filings of leading money managers. Today, tracking of 13H and 13F filings has become a national a pastime of sorts. As the filing deadline approaches, the Internet will be buzzing with articles about the buying and selling activities of Seth Klarman, David Einhorn, William Ackman and other noted investors. I will review those filings as well, but I see no need to add to the information clutter that will develop. Instead, I will focus on not so well known but still very successful value and distressed investors.
One of my new favorite managers to track is Paul Isaac of Arbiter Partners. Isaac was a born value investor. His father was an arbitrageur who worked for Max Heine and he is the nephew of the late Walter Schloss. He has put the information gathered around the dinner table to excellent use as his partnership has been racking up gains of 20% annualized since 2001. His approach is more eclectic than many other value types as he frequently shorts stocks and uses options a bit more freely than his competitors do....581 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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