BarclayHedge has ranked Elberon Investment Fund as one of the world's top-performing "long bias" equity funds for the three-year period ending on 31 March 2016.
Elberon, which is managed by Bruce Salomon, ranked number eight globally and number two in the US among more than 230 long-biased funds.
All funds ranked had at least USD10 million in assets under management and an average net exposure greater than 35 per cent. Elberon is the only Texas-based fund that finished in the top ten.
“It’s a tremendous honour to be singled out as a fund that uniquely compounds capital over the long term for its investors,” says Salomon, whose fund also finished in the top ten for the three-year period ending on 31 March 2015 and 30 June 2015.
Value investors search for bargains security by security, analysing each situation on its own merits. Elberon’s investments are typically under followed by analysts and large institutional investors.
Salomon and his team subscribe to the theory espoused by famed investor Joel Greenblatt, who said: “If you spend your energies looking for and analysing situations not followed closely by other informed investors, your chance of finding bargains greatly increases.”