Newbrook Capital – Short Goodyear Tire

The exposures at Newbrook Capital have changed significantly over the year. In August of 2015 the long / short hedge fund had 41% net exposure. Fast forward one year later and Robert Boucai’s fund has only 23% net exposure – and this came after they “modestly increased gross and net exposure as volatility and uncertainty subsided as the Federal Reserve backed off interest rate increases and global markets displayed increased certainty about central bank policy.” The hedge fund was up 2.7% net in the second quarter, according to an investment letter reviewed by ValueWalk. Longs added 3.1% but shorts subtracted…