Portfolio and blog situation update Q1/2017

It's three months since I last posted so I thought I will make small update on how I and my portfolio is doing, and to tell that the lights in this blog are still on, although apparantely less often. My posting frequency has come down radically for two reasons; first, I haven't had good new investment …

Argo Group: Light at end of the tunnel?

After releasing latest quarterly report story in Argo Group, a hedge fund manager focusing on distressed asset investing in emerging markets, changed significantly for the better. Argo announced that it has agreed to sell one major illiquid asset in the funds that they manage, which verifies that the valuation of the funds now reflects fair value. The verification is …

Cheapest stock of the week: Argo Group Limited

Argo Group Limited is a hedge fund manager with 177 MUSD AUM specialized in distressed asset investing trading at 0.3 P/B multiple. With 26 MUSD book value and 7 MUSD market price the stock looks cheap but the problem is that most of its assets are exposed to targets which are extremely illiquid and valuations …