Grey Owl Capital Management 1Q21 Commentary: Jefferies Financial Group
Grey Owl Capital Management’s commentary for the first quarter ended March 2021, disucssing their long position in Jefferies Financial Group Inc (NYSE:JEF). Q1 2021 hedge fund letters, conferences and more “Right now I’m having amnesia and déjà vu at the same time. I think I’ve forgotten this before.” - Steven Wright Dear Client, The reflation trade continued in earnest during the first quarter of 2021. Commodities were up another 13.3% from January to March, following a 14.7% move in the fourth quarter of 2020. Equity markets were also strong, though not to the same extent as commodities and ...