Eminence Capital Discovers Alpha In Shorts; Ups Stake In Zynga
Rick Sandler’s $5 billion long / short strategy at Eminence Capital had a relatively non-descript second quarter, nearly flat, and is up 1.8 percent on the year, according to a letter to investors reviewed by ValueWalk, as performance through the June 30 reporting period “is tracking a bit below our internal standards.” All funds remain soft closed and Sander states that "we continue to plan to match a limited amount of redemptions over time".
Eminence Capital shorts show alpha as size of win is statistical measure of success underneath the surface
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