Steel City Capital was up 2.7% for the first quarter. Founder Michael Hacke said he was “disappointed” that the fund “didn’t fully participate in the robust rebound experienced by all of the major U.S. indexes.” However, he also said they identified a number of opportunities during the quarter and emphasized that he’s focused on long-term investment horizons. He expects the positions they have bought recently will reward the fund “handsomely in the years to come.” Q1 hedge fund letters, conference, scoops etc eBay is “unloved, underappreciated and misunderstood” Hacke highlighted several positions in his Q1 letter to investors. eBay captured…
Why eBay Is Jan Brady To Amazon’s Marcia
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.