Punch Card Management manages investments for Punch Card Capital, LP, a private fund. They invest in undervalued equity securities, concentrating on a small number of holdings. Investments are not tailored to individual investor needs within the fund. The firm does not participate in wrap fee programs.
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.00% |
The fund's general partner also receives a performance-based allocation of 20% of net capital appreciation over a certain hurdle amount.