Value-oriented long/short equity manager Cobia Capital loss 3.4% net of all fees during the first quarter of 2020, according to a copy of the firm’s first-quarter letter to investors, which ValueWalk has been able to review.
Q1 2020 hedge fund letters, conferences and more
Cobia, which specializes in finding deep value in the small-capitalization technology sector, ended the first quarter with long exposure of 101% and short exposure of 59%.
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In the letter, Cobia attributed its market-beating performance in the first three months of the year to its unique style of value investing.
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