Aristides Capital – Short Harry Potter / Long Southern Bankers

Like many hedge funds, Aristides Capital has a primary objective to “seek capital appreciation.” What makes the primary long / short equity fund perhaps most interesting is they prefer to do so “while attempting to maintain a low correlation to the U.S. stock market, and to limit downside volatility to less than historical norms for the S&P 500 index,” according to a review of fund documents by ValueWalk.

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Generally low volatility, a 76% monthly win percentage and a 17.03% annualized return

How is the hedge fund with just $62.3 million under management run by the humorous...