Opinion

FoHFs and the value of values

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“Value is not cyclical, it is timeless – it just takes patience”

By Niki Natarajan

As value investors stole the show at the recent InvestHedge FoHF Awards in New York, “I got to thinking,” as Carrie Bradshaw of Sex and the City would say. I got to thinking about something that Kathleen Phillips, president of Berens Capital Management, winner of Fund of the Year, had said earlier that day at the Global FoHF Forum: “Value is not cyclical, it is timeless – it just takes patience.”

A simple statement that turned my view of value investing on its head. To be