Three Bridges Capital: Few Remember The Macro Scares Of 2014

Markets are reacting “reflexively to QE-related data points and commentary from the ECB,” noted New York-based long / short fund manager Three Bridges Capital, and ex Omega Advisors partner,  Gene Salamon in a recent investment letter reviewed by ValueWalk.

Economic data being “generally positive if somewhat muted” is generally good for a European focused relative value equity fund that is decidedly long in his spread position balancing. Long exposure is nearly twice as large as the more difficult to manage short exposure.

Three Bridges Capital: Assets highly concentrated in long stock exposure as opposed to more disperse short exposure

What’s currently of interest in the portfolio is the name concentration...