Sio Partners was down 4.8% net for September, compared to the S&P 500 Total Return Index’s decline of 3.8%, the MSCI World Healthcare Index’s 1.5% decline, and the MSCI World Index’s 3.6% decline. Sio’s long positions detracted 2.4% during September, while its shorts detracted 2.3%. Q3 2020 hedge fund letters, conferences and more A difficult September In his September letter to investors, which was reviewed by ValueWalk, Sio Managing Member Michael Castor noted that the market was down in September, and the fund usually does well during such times. However, September did not end up being a favorable month for…
Speculative biotech shorts weighed on this hedge fund’s results
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.