Lakewood Capital Still Shorting Pot Stocks, Korean BiotechMichelle Jones
The end of 2018 brought a return to reality in the form of a steep bear market for equities. Of course, it created a nearly impossible situation for many funds on the long side, but it was actually good news for some short-sellers. Lakewood Capital was one of those which managed to capitalize on the tumbling stock market through several key short positions.
Lakewood Capital sees strong returns on shorts
Reputable short-seller Anthony Bozza said in his annual letter for the fund that their short positions generated a return of 34% for the fourth quarter. However, the strong results from their short portfolio toward the end of the year have them treading lightly now.
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