Value Investing News

Jay Petschek and Steve Major's hedge fund Corsair Capital is out with their Q4 letter. For 2011, the hedge fund finished -3.7% and since inception in January 1991, the firm has seen a compound net annual return of 14.4%.

They note that 2011 was a difficult year because, "correlations between...

• http://www.marketfolly.com/2012/01/corsair-capital-talks-lyondell-basell.html (138)