Spruce Point Research Activism Partners was up 2% net in July, compared to the Russell 1000’s inverse return of -2.08% and the BarclayHedge Equity Market Neutral Index’s return of 1.2%. On a year-to-date basis, the fund is up 7.5%, compared to the inverse Russell 1000’s return of -17.3% and the BarclayHedge Equity Market Neutral’s return of 5.4%. Q2 2021 hedge fund letters, conferences and more Spruce Point’s short positions returned 2.8% for July and are up 9.6% year to date, while its long positions contributed 0.1% for July and 1.8% for the first seven months of the year. Background on…
Spruce Point Is In The Green With Its Short Positions This Year [Exclusive]
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.