Amvona

Lemelson Capital Management Marks Flagship Fund’s Second Anniversary

Lemelson-Capital-Management  Logo - resized to 220 pxThe Amvona Fund Records 160% Net Gain since September 2012 Inception, Ranking Repeatedly Among World’s Best-Performing Hedge Funds

 

Marlborough, Mass., September 5, 2014—Lemelson Capital Management, a private investment management firm, today marked the second anniversary of the launch of its flagship fund, The Amvona Fund, LP which has ranked repeatedly among the world’s top performing hedge funds.  The firm also today released the overall and net gains for the fund since inception, which were, respectively, 257.74 percent and 160.21 percent. The fund’s performance since inception has outperformed the benchmark S&P 500 Total Returns Index by 209.07 percent (111.54 percent net of all fees and expenses).

In the two years since The Amvona Fund’s inception, the fund has been repeatedly named one of the world’s top performing hedge funds by both financial research firms and media.  In July 2013 and again in October 2013, The Amvona Fund was named the world’s single best performing hedge fund by Barron’s and the world’s second best-performing hedge fund for the entire year[1].  In April 2014, Barron’s again named The Amvona Fund among the world’s best performing hedge funds.   In February 2014, the fund was named among top performing event driven fund’s in the world by global research and consultancy firm Preqin and In July 2014, the fund ranked among the top five best performing hedge funds by BarclayHedge[2].

 

“The strict application of a deep margin of safety that has been the hallmark of each commitment has led to better than average results.  It is only with fidelity to this strict ‘value imperative’ that outcomes can be consistently above average over the long term, particularly given the great risks associated with a richly valued market,” said Emmanuel Lemelson, Chief Investment Officer of Lemelson Capital Management. 

 

The fund’s recent performance was driven in part by its significant short position in Ligand Pharmaceuticals (NASDAQ: LGND), a previous short position in World Wrestling Entertainment (NYSE: WWE), and its current long positions in Kulicke & Soffa Industries (NASDAQ: KLIC), Apple (NASDAQ: AAPL) and World Wrestling Entertainment (NYSE: WWE) amongst others.

 

Disclosure:  Lemelson Capital is long shares of AAPL, KLIC, WWE and short shares of LGND for its clients.

 

About Lemelson Capital Management:

 

Lemelson Capital Management, LLC is a private investment management firm focused on deep value and special situation investments.  The firm’s flagship fund, The Amvona Fund, has been named repeatedly as one of the world’s top performing hedge funds.  For more information, seehttp://www.lemelsoncapital.com.

 



[1] Data also compiled by Barron’s

[2] Long-biased league table.  Trailing twelve month compound annual return through July

 

 

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