Although T2 Partners Fund gained 12.6% in January, the $275 million hedge fund helmed by Whitney Tilson and Glenn Tongue lost 25% in 2011.
In a letter to investors Jan. 31, the partners mostly focused on its January performance, but noted that "our portfolio today is nearly identical to the one that did so poorly last year," adding that "time will tell whether we were wrong or just early on many of our favorite stocks."
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