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. Most of the gains came from one position In his third-quarter letter to investors, which was reviewed by ValueWalk, Eric DeLamarter said most of the gains in their long book came from a more than 60% increase in BlueLinx Holdings, their biggest position. He said “awareness of some of the factors” he explained…
Half Moon Capital benefited from a big move in one small cap stock in Q3; Details New Short Jobs Act IPO
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.