vefclass.blogg.se - Orbis investment management airplane

#Orbis investment management airplane series#

Returns from the best ideas are usually diluted by a long tail of lower quality ideas.

No Over-Diversification: Managers typically over-diversify.

Investors can buy the stocks directly to access the manager's stock-picking skill.

No Fee Drag: High base fees and excessive performance fees in some cases eat into returns.

That said, it is possible for some clone portfolios to outperform the manager's actual portfolio over time due to the following factors: It may not be an accurate reflection of the manager's actual investment performance.

An opinion on whether readers should follow the manager's ideas or copy its portfolio (Section VI)Īll analysis is based on a clone portfolio of the manager's top 10 disclosed holdings, which allows readers to replicate the portfolio with ease if desired.

An overview of the most interesting holdings (Section V).

An analysis of the manager's portfolio characteristics and top holdings (Section IV).

An analysis of the manager's historical return and risk characteristics based on its 13-F portfolio (Section III).

An overview of the manager's background (Section II).

#Orbis investment management airplane series#

This is part of a series of quarterly reviews that analyze the performance and portfolio characteristics of interesting equity managers running public (mutual funds) or private pooled investment vehicles (hedge funds) that are not accessible by mainstream investors. For more information on these managers, visit our Schedule of Manager Reviews for an up-to-date list of the managers we have assessed so far.

Orange data points denote manager portfolios we recommend readers to consider.