Short Biased Hedge Fund Underperforms In Q1, But Sees Big Change Ahead

So far, 2018 has largely been a year of correction, leaving most hedge funds struggling. Most funds were down for the first quarter and some into April or May, and RBI Capital was no exception. Its two funds were down 5.4% and 6.4% net for the first quarter, compared to the 0.56% decline averaged by all hedge funds reporting to Bloomberg.

RBI Capital posts negative returns in Q1

In RBI Capital's Q1 2018 letter to investors, which was obtained by ValueWalk, managing member Skip Tague said their long/short RBI Capital Partners fund was down 5.1% gross and 5.4% for the first...