Hawk Ridge Adds 3.1% In Q2 Sees Value In This Cement Company

Hawk Ridge Capital Management, the equity long-short hedge fund managed by David Brown and Eric Wolff, generated a net return of 3.1% in the second quarter of 2021. That compares to a positive gain of 3.6% for the S&P 400 during the same period. The average net exposure during the quarter was 50%, and the average gross exposure was 130%.

Q2 2021 hedge fund letters, conferences and more

Longs attributed 6.2% on a gross basis while shorts detracted -1.9%. For the year to the end of June, longs added 21.9% gross while shorts have detracted -6.7%.

Value In Cement And Robotics

In their second-quarter letter to investors, the fund managers explain that...