Hedge fund Newbrook Capital generated a net performance of 0.3% during the second quarter of 2015, according to a letter reviewed by ValueWalk. The fund’s long positions contributed 1.4% of gross performance, and shorts took 1.0% off performance figures (negative return of 1.0%). At the end of the quarter, the fund’s gross exposure was 125% with 28 long positions and 35 short positions. Net exposure stood at 41%. Newbrook: Increasing exposure During the second quarter, Newbrook increased its gross and net exposure on the belief that the US economic recovery is well underway and will continue, fueled by job growth and low oil…
Newbrook Capital Like Chinese Internet Plays; Shorts Woolworths
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk