Tiger Grand-Cub Is Positive On Its Short Positioning Amid "Stretched Valuations"

Paul Hudson, chief investment officer at the $1.2 billion Glade Brook Capital Partners, and Colin Kronewitter, head of research, had a strong third quarter, up 4.6%, beating the S&P 500 by 0.8%, according to an October 18th letter to investors reviewed by ValueWalk.  Hudson worked at Shumway Capital (a Tiger Cub which closed to outside investors) from 2007 through 2011, holding the position of managing director and head of the communications media and entertainment group. All is not entirely rosy, as the third quarter gain only cuts in half the year to date loss, with the year to date loss…