Waterstone Loses In Supervalu, Fannie and Freddie ShortsVW Staff
Waterstone Market Neutral Fund is ranking among the worst performing hedge funds of the year, according to returns taken from HSBC Hedge Weekly. The fund, which uses a convertible arbitrage strategy was down 9.37 percent for the year to May 17. The contrarian short positions of Waterstone seem to have brought losses for the fund so far—the largest detraction was suffered in April when returns were down almost 4 percent. Waterstone, with $1 . . .
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