Lakewood Capital Q2 2018 Letter: Short Defense Firm Akin To TeslaMichelle Jones
Lakewood Capital Management has just released its Q2 2018 letter to investors. The hedge fund reported net losses of 1.2%. At the end of the second quarter, Lakewood's exposure was 88% long and 28.1% short. The $5 billion fund headed up by Anthony Bozza was also 2.7% long on fixed income securities. Lakewood's five biggest positions made up 26.5% of its equity capital.
Has speculative investing gotten as addictive as Facebook?
Bozza noted that Q2 . . .
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