For the third quarter, Southpoint Capital was up 7.5%, compared to the S&P 500’s 8.9% gain, the Russell 2000’s 4.9% gain, and the HFRI Equity Hedge Index’s 6% gain. On a year-to-date basis, Southpoint Capital is up 12.1%, outperforming the S&P, Russell 2000 and HFRI Equity Hedge Index. Q3 2020 hedge fund letters, conferences and more Southpoint Capital is a long/ short equity fund founded by John S. Clark II that follows a bottom-up approach to invest mostly in value stocks. The fund’s long positions added 16.5% to its third-quarter return, while its short positions subtracted 6.9%. Southpoint’s average long…
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