Precy Dumlao, Opalesque Asia:
New York-based hedge fund manager Reuven Capital Investments Fund is having a good year so far posting 17.20% profits in September (38.98 % year-to-date). The hedge fund posted its strongest return in September this year. The fund also ended Q3 with a 29.92% gain, according to its letter to investors as reported by ValueWalk.com.
In its letter, RCI said that during September, one of its top long positions, SunOpta, provided strong performance for the fund compared to previous years. RCI earlier predicted that SunOpta would become the next organic food blockbuster in May this year.
The fund added, "As SunOpta, Inc.ís business continues to grow, their financial results have done all the talking, yet the stock is severely undervalued and underfollowed relative to its peers. The pouch division they started in the last two years will continue being their fastest growing business, with even higher margins than anticipated. Weíre very happy that management continues to invest into it, and know that a large strategic acquisition is on managementís radar. This could be the next big game changer for the company, and Wall Street is taking notice. With four new analyst reports and one top fund manager at Gabelli mutual funds highlighting the company on CNBC as ......................
To view our full article Click here