Einhorn Backed Value Fund Lost Big on This Utah Based Short Due To Disclosure Timing; Warns Of Market Crash As Bernie, Warren Soar In PollsMichelle Jones
Mangrove Partners was up 3.2% for August with most of the gains coming from its short book and some coming from "rate-of-return oriented investments." The fund had a gross exposure of 224% and a net exposure of 24% at the end of the month.
Mangrove's Nathaniel August said in his letter to investors covering August, which was reviewed by ValueWalk, that the fund's long positions and hedges both brought losses. In particular, the Mangrove team remains frustrated on the continuing losses from their positions in energy.
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