Q4 Letter: Hawk Ridge Generated Alpha On Both The Longs And Shorts [In-Depth]

Hawk Ridge was up 19.4% net for 2020, compared to the Russell 2000's 19.9% return and the HFRI Equity Hedge Total Index's 17.4% gain. The fund had ones of its best years ever in terms of alpha generation as it generated almost 12% compared to a beta-adjusted Russell 2000. Hawk Ridge generated strong alpha on the long side and "modest but positive alpha" on its short positions.

Q4 2020 hedge fund letters, conferences and more

In their annual letter to investors, which was reviewed by ValueWalk, David Brown and Eric Wolff of Hawk Ridge said more than 10 positions generated at least 100 basis points of return. No positions...