Nishkama Capital Fund Series A was down 6.5% for the first quarter, compared to the S&P 500’s 19.6% decline and the Nasdaq’s 14% decline. Nishkama averaged 25% net exposure and 91% gross exposure for the quarter. The fund’s longs generated a gross performance of -13.4%, while its shorts generated a performance of 7.2%. Its average long was down 23.1%, while its average short was down 21.7%. Q1 2020 hedge fund letters, conferences and more The wrong kinds of positions In his first-quarter letter to investors, which was reviewed by ValueWalk, Ravee Mehta of Nishkama Capital said they had the wrong…
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Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.