As other hedge funds have reported double-digit declines for the first quarter of 2022, Southpoint Capital Advisors appears to be bucking the trend. According to a copy of the firm’s first-quarter letter, which ValueWalk has been able to review, the fund declined by just 2.6% net of fees and expenses in the first quarter, compared to a loss of 4.6% for the S&P 500 and 7.5% for the Russell 2000. Q1 2022 hedge fund letters, conferences and more For the quarter, the fund’s net exposure averaged 123% long and 62% short. Long positions detracted 7% on a gross basis, while…
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