Wednesday, January 20, 2016

Rangeley Capital podcast about Fondul Proprietatea

Link:

This is a podcast about the huge discount to net asset value that exists on closed end fund Fondul Proprietatea by the guys over at Rangeley Capital. Chris DeMuth and Andrew Walker are really smart guys and if you are interested in deep value contrarian investments than I suggest you subscribe to their podcast.

Regarding Fondul the discount to net asset value has grown to 40% mostly due to the weakness in world markets. I would note that the fund manager has suspended the sixth buyback and is going to be proceeding with a tender offer to hopefully accelerate the closing of the discount.

I have been a buyer in recent days.


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