SoMa Equity Partners was down 1.8% for the first quarter, compared to the NASDAQ’s 14% decline and the S&P 500’s 20% decline. The fund’s average net exposure was 70% during the quarter. Its long book return on invested capital was -4%, while its short book return on invested capital was 21%. That marks the biggest quarterly spread in the fund’s four-year history. Q1 2020 hedge fund letters, conferences and more Big winners and losers In his first-quarter letter to investors, which was reviewed by ValueWalk, Chief Investment Officer Gil Simon said many of their positions benefited from states’ stay-at-home orders….
This female run hedge fund’s stocks are winning from Coronavirus stay-at-home orders
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.