Manivest Global Funds

Manivest Global Funds

Akorn takes Manivest to 38,70 return to date

Akork has been our single largest position for the last 6 months with bad performance until last week. We had an idea, that the company was undervalued and also that they would be a very attractive take-over candidate for some of the larger health-care companies, as they now have incorporated their acquisitions and become a…

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Caution is called for by world wide sell-off

Friday morning several macroeconomic signals led Manivest to place sell orders on most of our portfolio. Positions in Daimler, Apple, Western Digital, Nordea among others were closed. We believe its time to wait for the market to correct itself, and we are monitoring developments closely to buy back in after the what is believed to…

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The letter from Tim Cook on EU Commissions tax ruling

Thirty-six years ago, long before introducing iPhone, iPod or even the Mac, Steve Jobs established Apple’s first operations in Europe. At the time, the company knew that in order to serve customers in Europe, it would need a base there. So, in October 1980, Apple opened a factory in Cork, Ireland with 60 employees. At…

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An extremely strange day for Seagate

Manivest has invested in Seagate Technologies (STX) since mid 2015, which means we have followed the stock down from above 50 USD to 18 USD and back above 32 USD. We have added significantly to our portfolio over this time period. Today the company reported its 4th quarter result, beating the streets estimates and trading…

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