Riposte Capital Up 8.8% YTD; Sells Out Before SunEdison Crash

Khaled Beydoun’s Riposte Capital was hard hit in the second quarter on its short exposure, but is still sporting an 8.8 percent gain year to date – easily trouncing the S&P 500, which turned negative on the year today. The factor that has been propelling the hedge fund’s success in 2015, however, is not the long exposure, but its shorts. While short exposure cost the hedge fund -1.54 percent in the second quarter, on a year to date basis selling shares netted gains of 7.3 percent while buying shares only contributed 1.5 percent year to date, aided by a 1.87…