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This Top Aussie Fund Continues To Short Tesla For Its “Erratic CEO”

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Michelle deBoer-Jones
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After a strong January and February, it's looking like March was still a positive month for many hedge funds, although perhaps not as strong as the first two months of the year. L1 Capital's Long Short Fund reported a return of 0.19% for March following January's 4.33% gain and February's 5.14% gain. L1 management describes the first quarter as "a pleasing start to 2019" as the fund is up 9.9% year to date.

Q1 hedge fund letters, conference, scoops etc

L1 Capital
Image Source: PowerfulJRE/YouTube (screenshot)

Tesla short was a top contributor

One of the three positions L1 highlighted as a top contributor in its...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.