Lakewood Capital Management, the hedge fund managed by Anthony T. Bozza, recorded a net loss of 2.4% for the third quarter, according to the fund’s third quarter letter to partners reviewed by ValueWalk. In Lakewood’s words the performance, “underscored the fund’s conservative orientation and careful approach to risk management”. Long equity positions generated a -9% return on capital, hedged long equity positions generated a -4% return on capital, short equity positions generated a +22% return on capital and fixed income positions generated a -1% return on capital. At the end of third quarter the fund’s equity exposure was 90.3% long…
Lakewood Capital Opens Shorts In Seagate, Diplomat Pharmacy, Ziopharm Oncology
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