Mohnish Pabrai Opens Funds to Investors After Strong Third Quarter

The value investor tells clients good days are ahead for the next few years.

You have to hand it to Mohnish Pabrai. For a guy whose firm is sliding downward rather swiftly, he’s certainly confident.

The head of Irvine, California–based Pabrai Investment Funds, excitedly tells investors in an October 11 letter that he raised $9.8 million from new and existing investors in the third quarter after opening two of his three hedge funds for the first time in several years.

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