This Value Fund Had Some Robust Long Returns But Got Hit By Shorts

Half Moon Capital Partners was up 5.8% for the second quarter, compared to the S&P 500’s 8.5% return, the Russell 2000’s 4.3% return, and the HFRI Hedge Fund Index’s 5% return. The end of the second quarter marked the fund’s 10-year anniversary. Half Moon has generated a 621.9% return over the last decade, more than twice the S&P’s return and almost triple that of the Russell 2000. Q2 2021 hedge fund letters, conferences and more The fund is a research-intensive, deep value-oriented long/ short equity fund that invests across sectors and markets, focusing on small- to mid-cap companies and special…