New York City-based Southpoint Capital Advisors, started by an ex Greenlight Capital Partners executive, is delivering a relatively difficult feat for investors, one that goes often unrecognized. The Long / Short hedge fund, up 12.7% year to date, is beating the Russell 2000 benchmark. But this isn’t the achievement. Both the firm’s long and short were up for the quarter, according to a letter to investors reviewed by ValueWalk, a sign of unique alpha amid a wide-ranging bull market.
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Long / Short strategies often have trouble with short exposure in a bull market
When hedge funds are compared to a stock market index as a benchmark, Long / Short strategies...
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