Mangrove Partners Loses 39% In 12 Months As Short Book Struggles; Takes Physical Possession Of Two Tankers

Contrarian hedge fund, Mangrove Partners’ investment portfolio declined 30% in the first quarter of 2020. Q1 2020 hedge fund letters, conferences and more The fund lost 23.5% in March. After this performance, over the 12 months to the end of March 2020, Mangrove’s portfolio is off by 39%, that’s compared to a loss of 7% for the S&P 500 over the same time frame. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. Following these losses, assets under management have slumped from $718 million at the start of 2020, to $718…