This Hedge Fund’s Short Positions Contributed To Returns Last Month

The Delbrook Resource Opportunities Master Fund was up 0.9% last month as both the long and short portfolios contributed to returns. Delbrook founder Matthew Zabloski said in an email to investors, which was reviewed by ValueWalk, that although the fund outperformed its benchmark by 4.1%, the retail trading frenzy caused by Reddit users negatively impacted their return. Q4 2020 hedge fund letters, conferences and more He added that the impacts were mostly on their short positions, especially in the silver sector. The damage was on a handful of single-name short positions, which cost Delbrook about 275 basis points on its…