Half Moon Capital Has Strong Q1 2018 Thanks To One Position Up Over 230% In 2018

The first quarter was a very difficult one for the markets in general and, by default, most hedge funds as well. However, Half Moon Capital Partners pulled out a strong performance for Q1 2018, returning 2.7% net of fees. For comparison, the S&P 500 was down 0.8%, while the Russell 2000 was down 0.1% and the HFRI Hedge index was up 0.7%. Half Moon’s long positions gained 6.9% in Q1, while its short book lost 1.1%. The firm averaged 57.8% long exposure and 21.4% short exposure in Q Half Moon Capital Q1 letter highlights one big gain ValueWalk obtained and…