Eric DeLamarter's Half Moon Capital returned 12.4% net of fees in the third quarter of 2020. Compared to for the S&P 500, Russell 2000, and HFRI Hedge Fund indices that recorded returns of 8.9%, 5.0% and 5.3%, respectively.
DeLamarter founded Half Moon in 2011 following a stint at value-oriented hedge fund Stelliam Investment Management. The long-short equity hedge fund had an average gross exposure of 81% at the end of the quarter, according to investor correspondence ValueWalk has been able to review, 37% net long.
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According to its third-quarter letter, Half Moon's longs "meaningfully" outperformed the...
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