Sio Partners lost 12.1% net for June, compared to the S&P 500’s 2.3% gain, the MSCI World Healthcare Index’s 2.9% return and the 1.4% return for the MSCI World Index. Sio’s long positions subtracted 5.9% during June, while its shorts subtracted 8.2% from its performance. Q2 2021 hedge fund letters, conferences and more In his July letter to investors, which was reviewed by ValueWalk, Michael Castor of Sio Capital said June was a disappointing month and the single worst month in the fund’s 16-year history. He said one long detractor, Curis, accounted for about 25% of the month’s drawdown. Sio…
About One-Quarter Of This Healthcare Fund’s June Loss Was One Position
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.