Despite 60% Loss On Shorts, Yarra Square Up 20% In 2020

Yarra Square Partners returned 19.5% net in 2020, outperforming its benchmark, the S&P 500, which returned 18.4% throughout the year. According to a copy of the firm’s fourth-quarter and full-year letter to investors, which ValueWalk has been able to review, 2020 was a year of two halves for the investment manager. Q1 2021 hedge fund letters, conferences and more In the last three months of the year, the long-short fund underperformed the market, returning 6% compared to 7.9% for the S&P 500. However, during the first quarter of the year, when the market collapsed 19.6%, the fund outperformed, returning 6.7%….