Altalis Capital Clashes With Kerrisdale's Short Bet On DISH

Altalis Capital Management, a well sepected small long/short equity hedge fund, outperformed with a 2.2% return in the first quarter of 2016, according to a quarterly update reviewed by ValueWalk. The fund's top-performing positions were Echostar, Cedarfair, NetScout and Centene. The worst-performing long was DISH Network, as shares of the satellite TV company were down 20% in the first quarter.

DISH has superior spectrum, says Altalis

The fund thinks DISH Network's U.S. spectrum holdings are not factored into the headline financials, but they have substantial value. The fund managers said that DISH could double to $90 based on its latent assets. Altalis Capital held 217,764 shares of...