Even This Aussie Fund With A Great Track Record Was Down In 2018

When it comes to the hedge fund industry, every year has winners and losers, and some years have more losers than winners. That was certainly true of 2018, when even some funds with amazing track records ended up posting losses. One such fund was L1 Capital's Long Short Fund, which was down 26.6% for 2018, nearly erasing 2017's 30.5% gain.

Q4 hedge fund letters, conference, scoops etc

Weak December almost doubles losses

The Long Short Fund was down 12.2% for the fourth quarter, so nearly half of 2018's losses came from the last three months of the year. June and...