Moon Capital Global Equity Partners was up 2.5% net for the third quarter. For the first nine months of the year, the fund is up 6.4% net. Q3 2019 hedge fund letters, conferences and more photo-graphe / Pixabay The fund has changed things up over the last 12 months, and John Moon...
Regal Funds Management was down 8.3% for October, but it's up by more than 89% year to date, despite October's negative return. Q3 2019 hedge fund letters, conferences and more rawpixel / Pixabay Regulatory investigation revealed It was revealed late last month that the fund is under investigation by the Australian Securities and...
ValueWalk has been receiving another influx of hedge fund letters over the last few weeks. We're highlighting some of the more interesting positions that have been mentioned recently. Q3 2019 hedge fund letters, conferences and more Goumbik / Pixabay Lone Pine boosted its exposure to (more…)
The BlackGold Opportunity Fund was down 1.6% in October, continuing the months-long downtrend as the energy sector continued to take a beating. The fund did outperform its benchmark, the Barclays HY Energy Index, which declined 2.3% in October for a year-to-date return of 0.3%. Year to date, the BlackGold...
12019 / Pixabay The Sound Point Credit Opportunities Fund was down 2.36% net in October, underperforming the HFRI Event Driven Index's 0.72% gain. The Credit Suisse High Yield Index was up 0.18% for the month, while the Credit Suisse Leveraged Loan Index was down 0.49%. Year to date, Sound Point...
The Cota Growth Offshore Fund was up 5.3% for the second quarter, compared to the Russell 2000's gain of 1.7% and the Nasdaq Composite's 3.6% gain during the same time period. In July, Cota returned 5.5%, compared to the Russell 2000's 0.5% gain and the Nasdaq Composite's 2.1% gain....
Deer Park Road's STS Master Fund was up 4.17% for August, according to the fund's quarterly investor letter. For comparison, the S&P 500 Total Return index was down 1.58% for the month, while the Credit Suisse Hedge Fund Index was down 0.14%. For the first eight months of the...
Image source: Fannie Mae The battle over Fannie Mae and Freddie Mac continues, but a new court hearing has prompted an upgrade on the GSEs' shares from bank analyst Dick Bove of Odeon Capital. He now rates the preferred shares of both government-sponsored enterprises at Buy, while he rates their...
The third quarter was a rather difficult one for most hedge funds, but this hedge fund came away with a tidy gain of 9.23% driven mainly by the timing of one giant investment. The fund outperformed the S&P 500's gain of 0.21% and the HFRI Equity Hedge Index's 0.63%...
HG Vora Capital Management posted a net return of 0.1% for the third quarter, bringing its year-to-date return to 7.7%. The fund's credit strategies detracted 0.6%, while its equity strategies returned 1% to its gross return of 0.4% for the quarter. Q3 2019 hedge fund letters, conferences and more kellepics /...
Lakewood Capital was up 3.1% for the third quarter. The fund's long equity positions generated a return of 1%, while its hedged long equity positions recorded a 4% return. Short equity positions generated a 7% return, while fixed-income positions generated a 1% return. As of the end of September,...
David Einhorn's Greenlight Masters fund of funds was down 3.3% for the third quarter, following declines of 1.1% and 2.4% for July and August, respectively, and a gain of 0.1% for September. Year to date, Masters QP is up 8%, while Masters LP is up 8.2%. Masters Offshore is...
Carlson Capital's October performance numbers are out, and the firm's relative value and thematic funds were the standout performers. Q3 2019 hedge fund letters, conferences and more October returns for Carlson The multi-strategy Double Black Diamond L.P. fund was up 0.46% for October, bringing its year-to-date return to 1.4%. Double Black Diamond...
RBI Capital Partners' long/ short fund was up 0.2% gross and down 0.3% net for the third quarter after strong September gains of 8.9% gross and 8.8% net. On a year-to-date basis, the long/ short fund is down 6.2% gross and 7.6% net. RBI's short-only Kodiak fund was down...
Alluvial Fund gained 3.24% in October, following September's 0.94% gain. Year to date, the fund is up 15.59% as it has more than made up for the 8.98% it lost in all of last year. For comparison, the S&P 500 returned 2.2% in October, while the Russell 2000 was...
Aristides Fund LP was up 1.23% for October, while Aristides Fund QP, LP was up 1.18%. On a year-to-date basis, the former has gained 8.63%, while the latter gained 8.7%. Update on Beyond Meat short In his November letter to investors, which was reviewed by ValueWalk, Managing Member Christopher Brown said...
DG Value Partners Class A posted a net return of 0.4% for October, bringing its returns to 5.84% net for the first 10 months of the year. Class C of the same fund was down 0.12% net for the month, bringing its year-to-date net return to 5.23%. According to the...
Alkeon Growth Partners was up 1.65% for October, bringing its year-to-date return to 26.96%. The fund had 122 long positions and 119 short positions with a net exposure of 80% and gross exposure of 182%. Alkeon's long positions contributed positively to its performance, while its short positions and hedges...
Lone Pine Capital had a disappointing third quarter, which management blamed on a factor-driven market rotation. Lone Cypress was down 2.4% gross and 2.1% net, while Lone Cascade was down 3.4% gross and 2.6% net. On a year-to-date basis, the two funds are doing much better, however. Lone Cypress...
Closed-end funds are very similar to exchange-traded funds, but with one big difference. Like ETFs, they hold pools of assets, but unlike ETFs, they trade more like a stock because they have a fixed number of shares, and sellers need to find a willing buyer if they want to...
Partners Group Private Equity had a strong September with gains of 1.1% and 1.1% for its Class I and Class A, respectively. The fund's size hit $5 billion during the month on the back of its old performance. Q3 2019 hedge fund letters, conferences and more rawpixel / Pixabay Update on Clarivate...
Half Moon Capital Partners was up 7.1% net for the third quarter, compared to the S&P 500's 1.7% gain, the Russell 2000's 2.3% decline, and the HFR Hedge Fund Index's 1.3% decline. The fund's longs generated an 11.9% gross return, while its shorts were down 0.7% gross. WikiImages / Pixabay Most...
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