Sabrepoint Capital was up 4.35% net for the third quarter after gaining 2.98% in July, 0.57% in August and 0.76% in September. The fund is up 9.73% year to date. Notably, Sabrepoint was one of very few hedge funds with a gain in March. The S&P 500 gained 5.57% during the third quarter. Q3 2020 hedge fund letters, conferences and more Sabrepoint is a value-oriented long/ short equity fund with $252 million in assets under management. The fund’s average net exposure during the third quarter was 39.7%, and its average gross exposure was 154.7%. The long book contributed 6.86% to…
Sabrepoint Capital found a software stock that was underperforming to short
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.