Teton Capital Partners Q2 Letter: $46 Million Lost On One Position This Year

Teton Capital Partners released its Q2 2018 letter to investors. The fund was down 0.27% gross and down 0.22% for the month of June. Year to date, Teton Capital is up 0.2% net, compared to the S&P 500’s 2.6% gain. Teton Capital struck by E-Mart, Hanssem and short book In the Q2 letter, the Teton Capital team attributed most of its losses to Hanssem and E-Mart. The hedge fund slashed its long position in E-Mart by about 200 basis points during the first quarter because of the run-up in the stock price. The fund’s managers were also concerned that increases…