JHL Dumps Gold And Highlights Speculative “Euphoria” In Q2 Letter

The flow of Q2 hedge fund investor letters continues, this time with an update from JHL Capital Group. The hedge fund’s Classes A and C interests were down 7.2% for the second quarter, while Class B was down 7%. In comparison, the S&P 500 Total Return Index was up 3.4% for the quarter, while the NASDAQ 100 gained 7.3% and the Russell 2000 rose 7.8%. Founder James Litinsky admitted in the JHL Q2 2018 letter that their results were disappointing, and looking back, he said they “should have been more open-minded in tactically applying our current framework for profits.” “Frustrating…