This financials hedge fund which is crushing the KBW Bank Index likes Puerto Rican banksMichelle Jones
Jacobs Asset Management was up 1% for April through April 17, bringing its year-to-date return to -15.6% through that date. The S&P 500 is down 10.5%, and the KBW Bank Index is down 37.6% over that same timeframe.
In his mid-April letter to investors, which was reviewed by ValueWalk, Sy Jacobs said the fund has been in market-neutral range . . .
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