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Matthias Knab, Opalesque:

Andrew Oskoui, CFA, Portfolio Manager & Principal at Austin based Blue Tower Asset Management, writes on Harvest:

Blue Tower believes that humans and computers are complements not competitors and thus applies advanced analytics to classic value investing. The Blue Tower Global Value strategy returned 15.93% gross of fees in Q3 2016 (15.61% net) and for 2016 year-to-date, it has returned 28.44% gross of fees (27.42% net). Since inception in Jan 2014, the fund is up 45.35% net.

In this Q3 investor letter, Oskoui points out that "this has been the best quarter, performance-wise, for the strategy and comes on the heels of what was the previous best quarter. One of our investments which has been successful for us has been Tyson Foods (TSN). We initiated this position back in May and June of 2014, buying shares at an average price of $37.33 over those two months. With the price appreciation (trading at $69.54 as of October 21st) and the dividends received, this position has done quite well. Tyson Foods (TSN) Based in Arkansas, Tyson Foods is one of the largest meat producers in the United States. They segment their operations into four divisions; poultry, beef, pork, and packaged foods. Tyson produced 23.3% of US broiler chicken production in 20151 giving it the largest market share of any company and is also the largest beef producer. As these are cyclical commodity businesses, there will be volatility in profitability in each business seg......................

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