Hedge funds

Waterstone Likes RBS; Closes Fannie Mae Short?

As the stock market has been rising, the Waterstone Market Neutral Fund had a challenging May, down 3.76 percent according to an investor letter reviewed by ValueWalk. Over the last three months the S&P 500 (INDEXSP:.INX) index moved higher from 1872 to 1962.


Waterstone Market Neutral Fund short position in SuperValu
Briefly mentioned in the investor letter is its short in SuperValu INC. (NYSE:SVU), which is up over ten percent in the last three months. Not mentioned in the report was . . .

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