Southpoint Capital Is Tapping The Pent-up Demand In Special Situations [Exclusive]

Southpoint Capital’s two funds were down 3.5% net for the third quarter, compared to the S&P 500’s 0.6% gain and the Russell 2000’s 4.4% decline. The funds’ long positions subtracted 5.6% gross from their quarterly return, while their short book added 1.6% to the return. Q3 2021 hedge fund letters, conferences and more Southpoint’s average long declined 4.6%, while its average short decreased 2.7% during the third quarter. In their third-quarter letter to investors, which was reviewed by ValueWalk, the Southpoint team said their five biggest contributors added 1.8% to their gross return. Biggest Long Contributors Their long position in…