This energy hedge fund run by SAC alum sees opportunities in the sell-off

The Electron Global Fund LP was down 25.2% for the first quarter, compared to the MSCI World Utilities Index's 14.3% decline and the S&P 500's 20% decline. Electron temporarily reduced its exposures to protect capital amid the recent volatility.

[buffett]

Q1 2020 hedge fund letters, conferences and more

However, the fund's management plans to increase exposures this month and continues to monitor gross leverage and stock correlations. They used the same tactic of short-term exposure reduction in 2008, resulting in "significant outperformance" in the following year.

In his first-quarter letter to investors, which was reviewed by ValueWalk, Managing Partner...