Weitz Launches Opportunity Fund to Sell Short

Author's Avatar
Jan 04, 2006
Wally Weitz, known as Omaha’s other oracle, launched a new fund called Weitz Partners III Opportunity Fund. This new fund has two important differences from his Hickory and the other stock funds. It borrows money to leverage its investment and it regularly sells short. It may also invest in put and call options and commodities contracts and futures transactions such as stock index futures.