Sat, Apr 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Pabrai re-opens offshore fund to new money

Monday, October 22, 2012

From Precy Dumlao, Opalesque Asia:

After almost two years of having closed all its funds to new investors, the Managing Partner of Irvine, California-based Pabrai Investment Funds, Mohnish Pabrai, re-opened the PIF3 fund to new money from existing or new investors in August 1, 2012, industry sources told Opalesque.

Mohnish Pabrai is an Indian-American businessman, investor and philanthropist and Pabrai Investment Funds is a family of hedge funds inspired by Buffett Partnerships. Pabrai wrote to Warren Buffett in the late 1990s and offered to work for him for free. Buffet declined, so Prabai launched his own funds. The fund manager has high regards for Warren Buffett and admits that his investment style is copied from Buffett and others. He has written a book on his investing style: "The Dhandho Investor: The Low - Risk Value Method to High Returns". In June 2007, he made headlines by bidding US$650,100 with Guy Spier for a charity lunch with Warren Buffett (see a 2010 Opalesque Exclusive interview with Guy Spier here).

Since its re-opening, the PIF3 has attracted some $15.8m from existing and new partners as at end Septemb......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner