Jacobs Asset Management was up 1% for April through April 17, bringing its year-to-date return to -15.6% through that date. The S&P 500 is down 10.5%, and the KBW Bank Index is down 37.6% over that same timeframe. Q1 2020 hedge fund letters, conferences and more Themes In his mid-April letter to investors, which was reviewed by ValueWalk, Sy Jacobs said the fund has been in market-neutral range for most of the month. It started the month 3% net long, averaged 0% and ended April 17 at 4% net short. As financial stocks rallied, the fund was up 4.9% gross…
This financials hedge fund which is crushing the KBW Bank Index likes Puerto Rican banks
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.